LVW Advisors LLC Invests $236,000 in Booking Holdings Inc. (NASDAQ:BKNG)

LVW Advisors LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65 shares of the business services provider’s stock, valued at approximately $236,000.

Other institutional investors also recently modified their holdings of the company. SteelPeak Wealth LLC increased its holdings in Booking by 103.0% in the first quarter. SteelPeak Wealth LLC now owns 1,866 shares of the business services provider’s stock valued at $6,770,000 after purchasing an additional 947 shares during the period. Optas LLC increased its holdings in Booking by 11.8% in the first quarter. Optas LLC now owns 104 shares of the business services provider’s stock valued at $377,000 after purchasing an additional 11 shares during the period. Strata Wealth Advisors LLC increased its holdings in Booking by 8.1% in the first quarter. Strata Wealth Advisors LLC now owns 1,093 shares of the business services provider’s stock valued at $3,965,000 after purchasing an additional 82 shares during the period. New Mexico Educational Retirement Board increased its holdings in Booking by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after purchasing an additional 400 shares during the period. Finally, Kathleen S. Wright Associates Inc. increased its holdings in Booking by 14.1% in the first quarter. Kathleen S. Wright Associates Inc. now owns 105 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 13 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares of the company’s stock, valued at approximately $649,640.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at approximately $649,640.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold 1,021 shares of company stock valued at $3,617,852 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

Booking Stock Performance

NASDAQ BKNG opened at $3,961.50 on Monday. The firm has a 50 day simple moving average of $3,759.73 and a 200-day simple moving average of $3,626.59. The firm has a market cap of $134.41 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.18 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,624.50 and a one year high of $4,040.00.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $11.60 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $8.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.88%. Booking’s payout ratio is 26.25%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKNG. Evercore ISI upped their price target on shares of Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research report on Tuesday, April 30th. BMO Capital Markets reissued an “outperform” rating and set a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. JPMorgan Chase & Co. increased their price objective on shares of Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company raised their price target on shares of Booking from $3,435.00 to $3,494.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Nine 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

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.