Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Lifted by Cwm LLC

Cwm LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,631 shares of the business services provider’s stock after buying an additional 277 shares during the period. Cwm LLC’s holdings in Booking were worth $10,423,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in shares of Booking during the 1st quarter worth approximately $401,371,000. Crestwood Advisors Group LLC increased its position in Booking by 3.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after acquiring an additional 470 shares during the period. Baader Bank Aktiengesellschaft increased its position in Booking by 35.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock valued at $6,699,000 after acquiring an additional 497 shares during the period. Artisan Partners Limited Partnership increased its position in Booking by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after acquiring an additional 729 shares during the period. Finally, Commerce Bank increased its position in Booking by 1.5% in the 4th quarter. Commerce Bank now owns 18,954 shares of the business services provider’s stock valued at $67,234,000 after acquiring an additional 280 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of Booking stock traded up $54.54 on Thursday, hitting $3,360.16. 101,241 shares of the company’s stock traded hands, compared to its average volume of 259,762. The firm’s 50-day moving average price is $3,847.76 and its two-hundred day moving average price is $3,686.97. The stock has a market capitalization of $114.00 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 237.46%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the business earned $37.62 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Booking Holdings Inc. will post 178.9 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, September 6th. Booking’s payout ratio is presently 26.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BKNG. JPMorgan Chase & Co. lowered their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wedbush lifted their price target 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. Finally, Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,068.32.

Booking Company 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.