Precision Wealth Strategies LLC Acquires 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Precision Wealth Strategies LLC Acquires 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)


Precision Wealth Strategies LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303 shares of the business services provider’s stock after buying an additional 5 shares during the period. Booking comprises 1.0% of Precision Wealth Strategies LLC’s holdings, making the stock its 16th largest holding. Precision Wealth Strategies LLC’s holdings in Booking were worth $1,075,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co raised its holdings in shares of Booking by 0.4% during the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 3 shares during the last quarter. Howard Financial Services LTD. raised its holdings in shares of Booking by 2.4% during the fourth quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3 shares during the last quarter. Rockland Trust Co. increased its holdings in Booking by 3.5% in the fourth quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after buying an additional 3 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Booking by 4.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after buying an additional 3 shares in the last quarter. Finally, Kingfisher Capital LLC increased its holdings in Booking by 0.3% in the third quarter. Kingfisher Capital LLC now owns 1,178 shares of the business services provider’s stock valued at $3,633,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total value of $97,952.12. Following the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,651 shares of company stock valued at $19,485,975. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a report on Monday, May 6th. Edward Jones reaffirmed a “hold” rating on shares of Booking in a report on Friday, February 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a report on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a report on Tuesday, April 30th. Finally, Barclays cut their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Ten 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 stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $3,876.96.

Check Out Our Latest Stock Report on Booking

Booking Price Performance

Shares of BKNG stock opened at $3,776.35 on Friday. The firm’s 50-day moving average is $3,625.56 and its two-hundred day moving average is $3,523.40. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company has a market capitalization of $128.12 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, June 7th. Booking’s dividend payout ratio (DPR) is 26.25%.

Booking Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)



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