CCG Wealth Management LLC Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

CCG Wealth Management LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99 shares of the business services provider’s stock after buying an additional 3 shares during the period. CCG Wealth Management LLC’s holdings in Booking were worth $456,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the 4th quarter worth approximately $40,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $50,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer now owns 27,646 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Up 0.3%

NASDAQ:BKNG opened at $5,304.03 on Friday. The stock’s fifty day moving average is $5,180.10 and its two-hundred day moving average is $4,947.25. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The stock has a market capitalization of $172.59 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping 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 company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the prior year, the firm earned $20.39 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BKNG shares. Wells Fargo & Company boosted their target price on Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. BMO Capital Markets boosted their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Bank of America boosted their target price on Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a report on Monday, June 9th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, JMP Securities boosted their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,388.37.

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.