Live Oak Private Wealth LLC Grows Stock Holdings in Booking Holdings Inc. $BKNG

Live Oak Private Wealth LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,433.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,674 shares of the business services provider’s stock after acquiring an additional 3,529 shares during the period. Live Oak Private Wealth LLC’s holdings in Booking were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Booking during the fourth quarter valued at about $209,000. Sivia Capital Partners LLC grew its stake in shares of Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after buying an additional 33 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after buying an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Booking in the 2nd quarter valued at about $179,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $3,100,500. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 69,625 shares of company stock worth $11,652,075 over the last ninety days. 0.17% of the stock is owned by corporate insiders.

Booking Price Performance

BKNG stock opened at $212.26 on Thursday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The company has a market cap of $159.49 billion, a P/E ratio of 23.49, a PEG ratio of 1.28 and a beta of 1.07. The firm has a 50-day moving average of $182.16 and a 200 day moving average of $176.92.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the previous year, the firm posted $55.40 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking’s payout ratio is currently 18.58%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BKNG. Robert W. Baird set a $230.00 price objective on Booking in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased their target price on shares of Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Wedbush increased their price target on shares of Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Truist Financial set a $242.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Booking in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Booking Company Profile

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.