CreativeOne Wealth LLC Takes $537,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

CreativeOne Wealth LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 148 shares of the business services provider’s stock, valued at approximately $537,000.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management purchased a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Naples Money Management LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $28,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ:BKNG traded up $39.47 during midday trading on Friday, reaching $3,699.35. 95,545 shares of the stock traded hands, compared to its average volume of 248,565. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The business has a 50-day moving average of $3,887.79 and a two-hundred day moving average of $3,683.44. The stock has a market capitalization of $125.52 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the company posted $11.60 earnings per share. Booking’s revenue for the quarter was up 16.9% compared to the same quarter last year. Research analysts anticipate that Booking Holdings Inc. will post 178.55 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 0.95%. Booking’s payout ratio is currently 26.25%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Paulo Pisano sold 227 shares of the firm’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 transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $3,050,737.50. Following the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The disclosure for this sale can be found here. Insiders have sold 999 shares of company stock worth $3,939,187 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BKNG shares. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets reissued an “outperform” rating and set a $4,205.00 price target (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. Tigress Financial raised their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research report on Tuesday, April 30th. Finally, DA Davidson lifted their target price on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,056.31.

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.