Miracle Mile Advisors LLC Purchases Shares of 58 Booking Holdings Inc. (NASDAQ:BKNG)

Miracle Mile Advisors LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 58 shares of the business services provider’s stock, valued at approximately $210,000.

Other institutional investors have also recently modified their holdings of the company. Diversified Trust Co lifted its holdings in shares of Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock valued at $2,710,000 after buying an additional 3 shares during the period. Howard Financial Services LTD. increased its position in Booking by 2.4% in the fourth quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after buying an additional 3 shares in the last quarter. Rockland Trust Co. grew its stake in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 3 shares during the period. Parkside Financial Bank & Trust increased its holdings in Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after acquiring an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in Booking by 1.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,916.21 on Wednesday. The business’s 50 day moving average price is $3,768.17 and its 200-day moving average price is $3,629.72. Booking Holdings Inc. has a fifty-two week low of $2,624.50 and a fifty-two week high of $4,040.00. The company has a market cap of $132.88 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.18 and a beta of 1.38.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm posted $11.60 earnings per share. Sell-side analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $8.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.89%. Booking’s dividend payout ratio is currently 26.25%.

Analyst Ratings Changes

BKNG has been the subject of a number of analyst reports. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. JMP Securities restated a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a research report on Monday, May 6th. Benchmark reiterated a “hold” rating on shares of Booking in a research report on Friday, May 3rd. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Finally, Bank of America boosted their target price on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,902.54.

Insider Transactions at Booking

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

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.