LVW Advisors LLC Purchases Shares of 65 Booking Holdings Inc. (NASDAQ:BKNG)

LVW Advisors LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65 shares of the business services provider’s stock, valued at approximately $236,000.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Benchmark reaffirmed a “hold” rating on shares of Booking in a research note on Friday, May 3rd. Evercore ISI raised their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Bank of America raised their price objective on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, HSBC raised their price objective on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Nine equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

Booking Stock Down 1.2 %

Shares of NASDAQ BKNG opened at $3,961.50 on Monday. Booking Holdings Inc. has a fifty-two week low of $2,624.50 and a fifty-two week high of $4,040.00. The business has a 50 day moving average price of $3,759.73 and a two-hundred day moving average price of $3,626.59. The firm has a market cap of $134.41 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38.

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

Booking Announces Dividend

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

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction 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 transaction, the insider now owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,021 shares of company stock worth $3,617,852. 0.12% of the stock is currently owned by insiders.

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.