One Wealth Advisors LLC Takes Position in Booking Holdings Inc. $BKNG

One Wealth Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,339 shares of the business services provider’s stock, valued at approximately $2,021,000. Booking makes up about 0.2% of One Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Bogart Wealth LLC raised its stake in Booking by 3,475.0% in the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 139 shares in the last quarter. Wilkerson Advisory Group LLC grew its stake in Booking by 3,550.0% in the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Booking in the 4th quarter worth approximately $27,000. Osbon Capital Management LLC bought a new position in shares of Booking in the 4th quarter worth $27,000. Finally, First Financial Corp IN increased its holdings in shares of Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after buying an additional 144 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. HSBC lowered their price objective on shares of Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Barclays set a $210.00 price target on Booking and gave the company an “overweight” rating in a research report on Wednesday, April 29th. TD Cowen reaffirmed a “buy” rating and set a $230.00 price target (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. Finally, Mizuho set a $240.00 price objective on Booking in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.72.

Booking Price Performance

NASDAQ BKNG opened at $212.06 on Monday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The stock has a market capitalization of $159.34 billion, a PE ratio of 23.47, a PEG ratio of 1.28 and a beta of 1.07. The business’s 50-day moving average is $184.00 and its 200 day moving average is $176.65.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.Booking’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $55.40 EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 18.58%.

Insiders Place Their Bets

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This represents a 25.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This trade represents a 6.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 89,625 shares of company stock worth $15,872,675. Insiders own 0.17% of the company’s stock.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.