RWA Wealth Partners LLC Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

RWA Wealth Partners LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 62.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233 shares of the business services provider’s stock after buying an additional 90 shares during the period. RWA Wealth Partners LLC’s holdings in Booking were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Howard Financial Services LTD. lifted its position in shares of Booking by 2.4% in the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3 shares during the period. Diversified Trust Co raised its stake in shares of Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after acquiring an additional 3 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Booking by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 4 shares in the last quarter. Finally, Stockman Wealth Management Inc. raised its stake in shares of Booking by 2.4% during the 3rd quarter. Stockman Wealth Management Inc. now owns 170 shares of the business services provider’s stock worth $524,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now directly owns 289 shares in the company, valued at $1,069,300. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. Insiders sold 5,461 shares of company stock worth $18,815,825 over the last three months. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKNG. UBS Group upped their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. BMO Capital Markets began coverage on shares of Booking in a research note on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price target on the stock. Mizuho upped their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Seaport Res Ptn restated a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company cut their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Stock Down 0.5 %

Shares of NASDAQ BKNG opened at $3,517.52 on Thursday. The firm has a 50-day simple moving average of $3,555.99 and a 200-day simple moving average of $3,379.22. The stock has a market capitalization of $120.19 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $24.74 earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 29.67%.

About Booking

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.