Booking Holdings Inc. (NASDAQ:BKNG) is Strata Wealth Advisors LLC’s 10th Largest Position

Strata Wealth Advisors LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,093 shares of the business services provider’s stock after acquiring an additional 82 shares during the quarter. Booking makes up about 1.4% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Strata Wealth Advisors LLC’s holdings in Booking were worth $3,965,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Activest Wealth Management purchased a new stake in shares of Booking during the fourth quarter valued at about $25,000. Naples Money Management LLC purchased a new stake in shares of Booking during the fourth quarter valued at about $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking during the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter valued at about $28,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 1.2 %

Shares of NASDAQ BKNG traded down $47.90 during midday trading on Friday, reaching $3,961.50. 321,265 shares of the stock were exchanged, compared to its average volume of 196,108. 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 1.40. Booking Holdings Inc. has a twelve month low of $2,624.50 and a twelve month high of $4,040.00. The firm has a 50-day simple moving average of $3,759.73 and a two-hundred day simple moving average of $3,626.59.

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

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. HSBC increased their price target on shares of Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. JMP Securities reissued a “market outperform” rating and set a $3,950.00 price target on shares of Booking in a research report on Monday, May 6th. Benchmark restated a “hold” rating on shares of Booking in a report on Friday, May 3rd. JPMorgan Chase & Co. upped their price objective on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Booking from $3,435.00 to $3,494.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,902.54.

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of Booking 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 completion of the transaction, the chief executive officer now owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.