Dynasty Wealth Management LLC Grows Position in Booking Holdings Inc. $BKNG

Dynasty Wealth Management LLC raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 229.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412 shares of the business services provider’s stock after acquiring an additional 287 shares during the period. Dynasty Wealth Management LLC’s holdings in Booking were worth $2,224,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares during the last quarter. Westside Investment Management Inc. grew its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management purchased a new stake in Booking in the 3rd quarter valued at about $32,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Booking by 100.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in shares of Booking in the 2nd quarter worth approximately $41,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $5,115.91 on Tuesday. The stock has a market capitalization of $164.89 billion, a P/E ratio of 33.25, a P/E/G ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The stock’s 50-day simple moving average is $5,189.20 and its 200 day simple moving average is $5,352.44.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the business earned $83.39 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $5,362.00, for a total value of $80,430.00. Following the completion of the transaction, the director owned 702 shares in the company, valued at $3,764,124. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at $101,631,984.10. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,324 shares of company stock valued at $17,190,323 over the last three months. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BKNG. Cowen reaffirmed a “buy” rating on shares of Booking in a research report on Wednesday, December 3rd. Truist Financial set a $5,810.00 target price on Booking in a research report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price target on shares of Booking in a report on Wednesday, October 29th. BTIG Research restated a “buy” rating and set a $6,250.00 price target on shares of Booking in a research report on Tuesday, December 23rd. Finally, Benchmark raised their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $6,225.56.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.