Pure Financial Advisors LLC Purchases New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Pure Financial Advisors LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47 shares of the business services provider’s stock, valued at approximately $217,000.

Several other hedge funds have also recently bought and sold shares of BKNG. Kingswood Wealth Advisors LLC raised its stake in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock valued at $844,000 after purchasing an additional 39 shares during the period. Point72 Europe London LLP purchased a new stake in shares of Booking during the fourth quarter valued at approximately $15,054,000. Sequoia Financial Advisors LLC raised its stake in shares of Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after purchasing an additional 153 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Booking during the fourth quarter valued at approximately $994,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Booking by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider’s stock valued at $1,043,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction 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 approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. BTIG Research upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. Piper Sandler dropped their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Bank of America lifted their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. Finally, B. Riley lifted their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5,388.37.

Booking Price Performance

Booking stock opened at $5,693.13 on Friday. The company has a market cap of $185.25 billion, a PE ratio of 35.42, a P/E/G ratio of 1.74 and a beta of 1.41. The company has a fifty day moving average price of $5,274.77 and a two-hundred day moving average price of $4,957.07. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,711.48.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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 net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company posted $20.39 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

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.