Aviso Wealth Management Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Aviso Wealth Management lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103 shares of the business services provider’s stock after selling 48 shares during the period. Aviso Wealth Management’s holdings in Booking were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. PARUS FINANCE UK Ltd increased its stake in shares of 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 purchasing an additional 3 shares in the last quarter. Park Avenue Securities LLC grew its stake in Booking by 0.5% during the 1st quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock valued at $2,264,000 after acquiring an additional 3 shares in the last quarter. Aspiriant LLC grew its stake in Booking by 4.8% during the 1st quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 3 shares in the last quarter. Consilio Wealth Advisors LLC grew its stake in Booking by 1.7% during the 1st quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 3 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Booking by 14.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.5 %

Booking stock opened at $4,248.10 on Friday. The firm has a market cap of $142.40 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,272.88. The company’s 50 day moving average is $3,789.54 and its two-hundred day moving average is $3,752.18.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $37.62 EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.82%. Booking’s payout ratio is 26.25%.

Wall Street Analyst Weigh In

BKNG has been the subject of several research reports. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. dropped their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Truist Financial initiated coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target for the company. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, September 23rd. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,064.21.

Insider Activity

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