Precision Wealth Strategies LLC Purchases 75 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Precision Wealth Strategies LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 439 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. Booking accounts for about 1.7% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 16th biggest holding. Precision Wealth Strategies LLC’s holdings in Booking were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust boosted its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking during the second quarter worth $28,000. Kings Path Partners LLC acquired a new position in Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the third quarter worth $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

Booking Stock Up 0.3 %

BKNG stock opened at $4,363.72 on Tuesday. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,394.95. The firm has a market cap of $148.05 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.31 and a beta of 1.40. The company’s 50-day moving average price is $3,998.82 and its two-hundred day moving average price is $3,829.91.

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. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $37.62 EPS. Equities analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Wells Fargo & Company increased their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial started coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target for the company. Finally, Bank of America cut their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,130.18.

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.