Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54 shares of the business services provider’s stock after buying an additional 5 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Booking were worth $249,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new position in shares of Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the 4th quarter worth $30,000. Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter worth $35,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking during the 4th quarter worth $40,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Booking during the 4th quarter worth $50,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction on 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 directly owns 27,646 shares of the company’s stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company upped their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. BTIG Research raised shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Piper Sandler decreased their price objective on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, UBS Group decreased their price objective on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,388.37.

Booking Trading Up 0.1%

NASDAQ:BKNG opened at $5,485.35 on Thursday. The firm has a market cap of $178.49 billion, a P/E ratio of 34.13, a PEG ratio of 1.70 and a beta of 1.41. The stock’s 50 day simple moving average is $5,231.92 and its 200-day simple moving average is $4,950.49. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70.

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

Booking Announces Dividend

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

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.