Precision Wealth Strategies LLC Acquires 134 Shares of Booking Holdings Inc. $BKNG

Precision Wealth Strategies LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 21.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 763 shares of the business services provider’s stock after buying an additional 134 shares during the period. Booking comprises about 1.3% of Precision Wealth Strategies LLC’s portfolio, making the stock its 17th biggest holding. Precision Wealth Strategies LLC’s holdings in Booking were worth $4,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Wealth Preservation Advisors LLC acquired a new position in shares of Booking during the 1st quarter valued at about $28,000. Atwood & Palmer Inc. acquired a new position in Booking during the second quarter valued at approximately $29,000. Westside Investment Management Inc. raised its position in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the period. O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the second quarter worth $35,000. Finally, First PREMIER Bank boosted its holdings in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the completion of the sale, the director owned 702 shares of the company’s stock, valued at approximately $3,764,124. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,324 shares of company stock valued at $17,193,557 over the last three months. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Wedbush upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target for the company in a report on Thursday, November 13th. The Goldman Sachs Group increased their target price on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Rothschild & Co Redburn lifted their price target on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, UBS Group set a $6,806.00 price objective on shares of Booking and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Booking Stock Down 0.2%

Shares of BKNG opened at $5,426.52 on Friday. The company has a 50-day moving average price of $5,100.17 and a two-hundred day moving average price of $5,372.37. The stock has a market cap of $174.90 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.37 and a beta of 1.25. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same period in the prior year, the company posted $83.39 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is 24.96%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.