LVW Advisors LLC Acquires 20 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

LVW Advisors LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 30.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 85 shares of the business services provider’s stock after acquiring an additional 20 shares during the period. LVW Advisors LLC’s holdings in Booking were worth $337,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Naples Money Management LLC acquired a new stake in shares of Booking during the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking in the 4th quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC bought a new position in Booking in the fourth quarter valued at $28,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Booking in the 4th quarter valued at $32,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG traded up $65.59 during trading hours on Tuesday, reaching $3,504.77. The stock had a trading volume of 50,026 shares, compared to its average volume of 259,874. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32. The stock has a market capitalization of $117.48 billion, a PE ratio of 25.79, a PEG ratio of 1.04 and a beta of 1.38. The company’s 50-day moving average is $3,827.41 and its two-hundred day moving average is $3,686.74.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $37.62 earnings per share. Equities analysts anticipate that Booking Holdings Inc. will post 177.46 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, September 6th. Booking’s payout ratio is 26.25%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BKNG. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer dropped their price target on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Argus raised their target price on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,068.32.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.