RWA Wealth Partners LLC Boosts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

RWA Wealth Partners LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 62.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233 shares of the business services provider’s stock after purchasing an additional 90 shares during the period. RWA Wealth Partners LLC’s holdings in Booking were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BKNG. Activest Wealth Management purchased a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. Naples Money Management LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the sale, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. UBS Group boosted their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. BMO Capital Markets began coverage on shares of Booking in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target on the stock. Mizuho boosted their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Seven 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,517.52 on Thursday. The stock has a market cap of $120.19 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.07 and a beta of 1.40. The business has a 50 day simple moving average of $3,555.99 and a 200 day simple moving average of $3,379.22. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating the consensus estimate of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $24.74 EPS. On average, analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 1.00%. Booking’s dividend payout ratio (DPR) is currently 29.67%.

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.