One Wealth Map LLC Raises Stock Holdings in Booking Holdings Inc. $BKNG

One Wealth Map LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2,184.1% in the first quarter, Holdings Channel reports. The firm owned 4,591 shares of the business services provider’s stock after purchasing an additional 4,390 shares during the quarter. Booking accounts for about 8.6% of One Wealth Map LLC’s investment portfolio, making the stock its 2nd largest position. One Wealth Map LLC’s holdings in Booking were worth $19,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Booking by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock valued at $16,055,006,000 after buying an additional 23,159 shares during the period. J. Stern & Co. LLP boosted its position in shares of Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after acquiring an additional 2,831,495 shares in the last quarter. State Street Corp increased its stake in Booking by 0.5% in the fourth quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock valued at $7,685,520,000 after acquiring an additional 6,976 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Booking by 15.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock valued at $5,173,899,000 after acquiring an additional 128,700 shares during the last quarter. Finally, Dodge & Cox raised its position in Booking by 8.4% during the fourth quarter. Dodge & Cox now owns 732,081 shares of the business services provider’s stock valued at $3,920,535,000 after purchasing an additional 56,999 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 16,726 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total value of $3,100,331.36. Following the sale, the chief executive officer owned 298,174 shares in the company, valued at approximately $55,269,532.64. The trade was a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. The trade was a 12.82% 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 sold 80,351 shares of company stock worth $13,545,706 over the last three months. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BKNG. TD Cowen restated a “buy” rating and set a $230.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. Oppenheimer reissued an “outperform” rating and set a $215.00 price target (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Barclays set a $210.00 price objective on Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Finally, UBS Group lifted their target price on Booking from $259.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $227.26.

Booking Price Performance

Shares of NASDAQ BKNG opened at $178.39 on Monday. The company has a 50 day simple moving average of $168.72 and a 200 day simple moving average of $180.00. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The firm has a market cap of $138.23 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 5th. Booking’s dividend payout ratio is presently 22.11%.

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.