Precision Wealth Strategies LLC Acquires 75 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Precision Wealth Strategies LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439 shares of the business services provider’s stock after acquiring an additional 75 shares during the quarter. Booking accounts for about 1.7% of Precision Wealth Strategies LLC’s portfolio, making the stock its 16th largest position. Precision Wealth Strategies LLC’s holdings in Booking were worth $1,849,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after acquiring an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. grew its position in Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the period. AustralianSuper Pty Ltd grew its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in Booking during the second quarter valued at about $125,615,000. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,363.72 on Tuesday. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,394.95. The stock has a market capitalization of $148.05 billion, a P/E ratio of 32.73, a PEG ratio of 1.31 and a beta of 1.40. The firm’s 50 day simple moving average is $3,998.82 and its two-hundred day simple moving average is $3,829.91.

Booking (NASDAQ:BKNG) last issued its earnings results 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 net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the business earned $37.62 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is currently 26.25%.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Wedbush upped their price objective on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Bank of America dropped their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Finally, Jefferies Financial Group downgraded shares of Booking from a “buy” rating to a “hold” rating and dropped their price objective for the company from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,130.18.

Booking 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.