Aprio Wealth Management LLC Acquires 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Aprio Wealth Management LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86 shares of the business services provider’s stock after purchasing an additional 9 shares during the quarter. Aprio Wealth Management LLC’s holdings in Booking were worth $362,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BKNG. Stephens Inc. AR raised its position in Booking by 10.6% in the fourth quarter. Stephens Inc. AR now owns 208 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of Booking during the fourth quarter worth about $262,000. Cresset Asset Management LLC raised its position in shares of Booking by 9.8% during the fourth quarter. Cresset Asset Management LLC now owns 2,407 shares of the business services provider’s stock worth $8,537,000 after acquiring an additional 214 shares during the last quarter. Ethic Inc. raised its position in shares of Booking by 7.1% during the fourth quarter. Ethic Inc. now owns 3,820 shares of the business services provider’s stock worth $13,550,000 after acquiring an additional 252 shares during the last quarter. Finally, L1 Capital International Pty Ltd bought a new position in shares of Booking during the fourth quarter worth about $16,161,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush raised their target price on Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, Tigress Financial raised their target price on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,092.68.

Booking Trading Up 1.5 %

Shares of Booking stock opened at $4,233.18 on Wednesday. The business’s fifty day simple moving average is $3,832.53 and its 200 day simple moving average is $3,780.65. The firm has a market capitalization of $143.62 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,272.88.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates 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%. Booking’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $37.62 earnings per share. Analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.83%. Booking’s payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.