Western Wealth Management LLC Takes $316,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Western Wealth Management LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 89 shares of the business services provider’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Financial Services LTD. raised its position in Booking by 2.4% in the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3 shares during the period. Diversified Trust Co raised its position in Booking by 0.4% in the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 3 shares during the period. Rockland Trust Co. raised its position in Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares during the period. Independent Advisor Alliance raised its position in Booking by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 4 shares during the period. Finally, Stockman Wealth Management Inc. raised its position in Booking by 2.4% in the 3rd quarter. Stockman Wealth Management Inc. now owns 170 shares of the business services provider’s stock worth $524,000 after purchasing an additional 4 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a research report on Thursday, April 18th. Edward Jones reaffirmed a “hold” rating on shares of Booking in a research report on Friday, February 16th. Ascendiant Capital Markets raised their target price on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Barclays reduced their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is owned by insiders.

Booking Trading Up 1.4 %

BKNG opened at $3,463.00 on Tuesday. The firm has a market capitalization of $118.33 billion, a PE ratio of 29.35, a PEG ratio of 1.04 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The firm’s 50-day moving average price is $3,564.68 and its 200 day moving average price is $3,374.83.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. Booking’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $24.74 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.01%. Booking’s payout ratio is presently 29.67%.

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.