Premier Path Wealth Partners LLC Has $726,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Premier Path Wealth Partners LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183 shares of the business services provider’s stock after acquiring an additional 5 shares during the period. Premier Path Wealth Partners LLC’s holdings in Booking were worth $726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in shares of Booking during the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Booking in the 2nd quarter worth about $32,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Booking in the 4th quarter worth about $32,000. Transcendent Capital Group LLC purchased a new stake in Booking during the fourth quarter worth about $35,000. Finally, Private Wealth Management Group LLC purchased a new stake in Booking during the fourth quarter worth about $39,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 1.7 %

Shares of Booking stock traded up $62.49 during trading on Friday, hitting $3,830.58. 223,343 shares of the stock traded hands, compared to its average volume of 258,373. The stock has a market cap of $129.96 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 1.10 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,144.32. The firm’s fifty day moving average is $3,801.62 and its 200-day moving average is $3,692.86.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $37.62 earnings per share. On average, analysts forecast that Booking Holdings Inc. will post 177.09 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other 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 transaction, 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. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Barclays cut their price target on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price objective on Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $4,205.00 price target (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4,068.32.

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.