Brookstone Capital Management Has $962,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Brookstone Capital Management raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 31.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265 shares of the business services provider’s stock after purchasing an additional 63 shares during the quarter. Brookstone Capital Management’s holdings in Booking were worth $962,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BKNG. Activest Wealth Management acquired a new stake in shares of Booking in the 4th quarter valued at $25,000. Naples Money Management LLC acquired a new stake in shares of Booking during the 4th quarter valued at $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Booking during the 4th quarter valued at $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at approximately $649,640.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,021 shares of company stock worth $3,617,852. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BKNG. Evercore ISI raised their target price on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. DA Davidson raised their target price on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. B. Riley began coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price for the company. JPMorgan Chase & Co. raised their target price on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3,902.54.

Booking Stock Performance

BKNG stock opened at $3,961.50 on Friday. The company has a market capitalization of $134.41 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.20 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00. The business has a 50-day simple moving average of $3,759.73 and a two-hundred day simple moving average of $3,625.18.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.60 EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.88%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Booking Company Profile

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.