Moran Wealth Management LLC Purchases 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Moran Wealth Management LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,561 shares of the business services provider’s stock after purchasing an additional 8 shares during the quarter. Moran Wealth Management LLC’s holdings in Booking were worth $7,191,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Booking during the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking during the 4th quarter valued at about $30,000. Promus Capital LLC bought a new position in shares of Booking during the 4th quarter valued at about $35,000. Kapitalo Investimentos Ltda bought a new position in shares of Booking during the 4th quarter valued at about $40,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Booking during the 4th quarter valued at about $50,000. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the transaction, the chief executive officer now owns 27,646 shares of the company’s stock, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Booking Stock Up 2.8%

BKNG opened at $5,482.23 on Wednesday. The stock has a market cap of $178.39 billion, a PE ratio of 34.11, a PEG ratio of 1.66 and a beta of 1.41. The business has a 50 day moving average of $5,213.02 and a 200-day moving average of $4,946.78. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $20.39 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated an “outperform” rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Bank of America raised their price target on Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research report on Monday, June 9th. Piper Sandler reduced their price target on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5,388.37.

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.