Booking Holdings Inc. (NASDAQ:BKNG) Stake Decreased by SteelPeak Wealth LLC

SteelPeak Wealth LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 90.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 177 shares of the business services provider’s stock after selling 1,689 shares during the quarter. SteelPeak Wealth LLC’s holdings in Booking were worth $701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Booking during the 4th quarter valued at $3,774,850,000. Perigon Wealth Management LLC lifted its position in Booking by 14.5% during the 4th quarter. Perigon Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $532,000 after acquiring an additional 19 shares during the last quarter. ORG Partners LLC acquired a new position in Booking during the 4th quarter worth $39,000. Consolidated Portfolio Review Corp acquired a new position in Booking during the 4th quarter worth $298,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Booking during the 4th quarter worth about $592,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of several research reports. DA Davidson dropped their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of 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. Wedbush upped their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. B. Riley lowered their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,068.32.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred 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 directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Booking Price Performance

Booking stock traded up $62.09 during midday trading on Thursday, hitting $3,634.67. The company’s stock had a trading volume of 201,696 shares, compared to its average volume of 260,417. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The company has a 50-day moving average price of $3,817.57 and a two-hundred day moving average price of $3,686.28. The company has a market cap of $123.32 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.05 and a beta of 1.38.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 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 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period last year, the firm earned $37.62 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Booking Holdings Inc. will post 177.09 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

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.