ERTS Wealth Advisors LLC Grows Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

ERTS Wealth Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115 shares of the business services provider’s stock after buying an additional 3 shares during the period. ERTS Wealth Advisors LLC’s holdings in Booking were worth $484,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the 3rd quarter valued at approximately $25,000. Grove Bank & Trust grew its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking in the second quarter valued at about $28,000. Kings Path Partners LLC acquired a new stake in Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new position in Booking during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. B. Riley lowered their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Benchmark reduced their price target on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Truist Financial assumed coverage on shares of Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective for the company. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,130.18.

Booking Trading Down 0.0 %

Shares of NASDAQ BKNG traded down $1.93 during midday trading on Friday, reaching $4,368.84. The company’s stock had a trading volume of 31,940 shares, compared to its average volume of 246,661. The company has a market cap of $148.23 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,394.95. The company has a 50 day moving average price of $3,962.18 and a 200 day moving average price of $3,815.43.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during 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%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $37.62 EPS. Research analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.80%. Booking’s payout ratio is presently 26.25%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Profile

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.