Booking Holdings Inc. (NASDAQ:BKNG) Position Boosted by Angeles Wealth Management LLC

Angeles Wealth Management LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 77.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188 shares of the business services provider’s stock after purchasing an additional 82 shares during the period. Angeles Wealth Management LLC’s holdings in Booking were worth $745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Enterprise Financial Services Corp lifted its position in shares of Booking by 2.8% in the 4th quarter. Enterprise Financial Services Corp now owns 110 shares of the business services provider’s stock worth $390,000 after acquiring an additional 3 shares during the period. Hilltop Holdings Inc. lifted its position in Booking by 0.8% in the fourth quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock worth $1,270,000 after purchasing an additional 3 shares during the period. PARUS FINANCE UK Ltd boosted its stake in Booking by 0.3% during the fourth quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock worth $3,061,000 after buying an additional 3 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Booking by 0.5% in the 1st quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock valued at $2,264,000 after buying an additional 3 shares during the period. Finally, Aspiriant LLC increased its holdings in Booking by 4.8% in the 1st quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock valued at $236,000 after buying an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the 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 value of $3,050,737.50. Following the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Booking Stock Performance

NASDAQ:BKNG opened at $3,834.82 on Wednesday. The company has a market cap of $128.54 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 1.14 and a beta of 1.40. The stock’s fifty day moving average price is $3,770.42 and its two-hundred day moving average price is $3,701.12. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32.

Booking (NASDAQ:BKNG) last issued 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 business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $37.62 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 177.03 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Oppenheimer decreased their price objective on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Benchmark lowered their price objective on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Truist Financial initiated coverage on Booking in a research report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target on the stock. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Company 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.