Precision Wealth Strategies LLC Purchases 31 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Precision Wealth Strategies LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334 shares of the business services provider’s stock after buying an additional 31 shares during the period. Booking comprises 1.1% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 19th largest position. Precision Wealth Strategies LLC’s holdings in Booking were worth $1,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Booking during the fourth quarter worth about $1,742,160,000. Fisher Asset Management LLC boosted its stake in shares of Booking by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after purchasing an additional 15,381 shares in the last quarter. Sanders Capital LLC increased its position in shares of Booking by 3.5% during the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after buying an additional 9,419 shares during the period. Lone Pine Capital LLC raised its stake in Booking by 2.0% in the fourth quarter. Lone Pine Capital LLC now owns 152,501 shares of the business services provider’s stock worth $540,955,000 after buying an additional 3,052 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Booking by 28.8% in the fourth quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after buying an additional 29,316 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.3 %

Shares of BKNG stock traded up $13.26 on Friday, reaching $3,930.15. The company’s stock had a trading volume of 201,774 shares, compared to its average volume of 185,779. The company has a market capitalization of $133.35 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. The stock’s fifty day simple moving average is $3,800.27 and its 200-day simple moving average is $3,639.94. Booking Holdings Inc. has a 1 year low of $2,624.50 and a 1 year high of $4,040.00.

Booking (NASDAQ:BKNG) last posted 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 firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $11.60 EPS. Equities research analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed 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. This represents a $35.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s payout ratio is 26.25%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $4,205.00 target price (up previously from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Wells Fargo & Company increased their price target on shares of Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Argus boosted their price objective on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. HSBC raised their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Benchmark reiterated a “hold” rating on shares of Booking in a research note on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $3,902.54.

Insider Buying and Selling

In other Booking news, 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 transaction of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction 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 sale, the director now owns 189 shares in the company, valued at $649,640.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now directly 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 valued at $3,617,852. Company insiders own 0.12% of the company’s stock.

Booking 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.