Goldstein Advisors LLC Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Goldstein Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 99.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88 shares of the business services provider’s stock after selling 11,000 shares during the quarter. Goldstein Advisors LLC’s holdings in Booking were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in Booking by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in Booking by 1.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after buying an additional 3 shares during the last quarter. Van Leeuwen & Company LLC raised its position in Booking by 0.6% during the fourth quarter. Van Leeuwen & Company LLC now owns 487 shares of the business services provider’s stock valued at $1,727,000 after acquiring an additional 3 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in Booking by 2.8% in the fourth quarter. Enterprise Financial Services Corp now owns 110 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 3 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in Booking by 0.8% in the fourth quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock valued at $1,270,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 1.7 %

NASDAQ:BKNG traded up $63.80 during mid-day trading on Friday, reaching $3,831.89. 152,060 shares of the company were exchanged, compared to its average volume of 257,937. The stock has a market cap of $128.44 billion, a PE ratio of 28.47, a PEG ratio of 1.10 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32. The company has a fifty day moving average of $3,802.19 and a 200 day moving average of $3,691.43.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during 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%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $37.62 EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Dividend Announcement

The company 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 $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio is 26.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays cut their price target on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research report on Monday, May 6th. DA Davidson lowered their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI cut their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note 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 given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,068.32.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

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.