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

Independent Solutions Wealth Management LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54 shares of the business services provider’s stock after acquiring 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.

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

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred 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 directly owns 27,646 shares in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Booking Stock Up 0.1%

NASDAQ:BKNG opened at $5,485.35 on Thursday. The business’s 50 day moving average is $5,231.92 and its two-hundred day moving average is $4,950.49. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The company has a market cap of $178.49 billion, a PE ratio of 34.13, a P/E/G ratio of 1.70 and a beta of 1.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $20.39 EPS. As a group, 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 declared 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 0.70%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Bank of America upped their target price 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. B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price 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. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Cantor Fitzgerald reduced their price target on Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has a consensus 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.