SteelPeak Wealth LLC Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

SteelPeak Wealth LLC decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 90.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177 shares of the business services provider’s stock after selling 1,689 shares during the quarter. SteelPeak Wealth LLC’s holdings in Booking were worth $701,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its stake in Booking by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after buying an additional 3 shares during the last quarter. Bristlecone Advisors LLC raised its stake in shares of Booking by 0.3% in the first quarter. Bristlecone Advisors LLC now owns 894 shares of the business services provider’s stock worth $3,243,000 after purchasing an additional 3 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Booking by 1.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares during the last quarter. Van Leeuwen & Company LLC raised its stake in shares of Booking by 0.6% in the fourth quarter. Van Leeuwen & Company LLC now owns 487 shares of the business services provider’s stock worth $1,727,000 after purchasing an additional 3 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Booking by 0.9% in the first quarter. CENTRAL TRUST Co now owns 352 shares of the business services provider’s stock worth $1,277,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Booking Trading Up 1.7 %

Shares of NASDAQ BKNG traded up $62.09 during midday trading on Thursday, hitting $3,634.67. The company’s stock had a trading volume of 201,696 shares, compared to its average volume of 260,417. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The firm has a market cap of $123.32 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The business’s 50 day moving average is $3,817.57 and its two-hundred day moving average is $3,686.28.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the firm earned $37.62 earnings per share. Booking’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Booking Holdings Inc. will post 177.09 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.96%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BKNG shares. B. Riley cut their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Barclays cut their price target on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Wedbush boosted their price target on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Argus boosted their price target on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,068.32.

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.