Strata Wealth Advisors LLC Has $4.27 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Strata Wealth Advisors LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,078 shares of the business services provider’s stock after selling 15 shares during the quarter. Booking accounts for 1.5% of Strata Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Strata Wealth Advisors LLC’s holdings in Booking were worth $4,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BKNG. ICA Group Wealth Management LLC bought a new stake in Booking during the 4th quarter worth approximately $25,000. Grove Bank & Trust grew its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth about $28,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Booking during the 2nd quarter worth about $31,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 0.8 %

Shares of NASDAQ:BKNG opened at $4,097.08 on Tuesday. The business has a fifty day simple moving average of $3,772.27 and a 200 day simple moving average of $3,733.66. The firm has a market cap of $139.01 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.21 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the company posted $37.62 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush lifted their target price on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Tigress Financial increased their price objective on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company boosted their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Barclays lowered their price objective on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

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.