Angeles Wealth Management LLC Has $956,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Angeles Wealth Management LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227 shares of the business services provider’s stock after purchasing an additional 39 shares during the quarter. Angeles Wealth Management LLC’s holdings in Booking were worth $956,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mission Wealth Management LP lifted its stake in shares of Booking by 66.3% during the first quarter. Mission Wealth Management LP now owns 148 shares of the business services provider’s stock valued at $538,000 after acquiring an additional 59 shares during the period. Quent Capital LLC lifted its stake in shares of Booking by 5.5% during the first quarter. Quent Capital LLC now owns 96 shares of the business services provider’s stock valued at $348,000 after acquiring an additional 5 shares during the period. Graypoint LLC lifted its stake in shares of Booking by 11.9% during the first quarter. Graypoint LLC now owns 207 shares of the business services provider’s stock valued at $751,000 after acquiring an additional 22 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Booking by 0.8% during the first quarter. Mutual of America Capital Management LLC now owns 5,151 shares of the business services provider’s stock valued at $18,687,000 after acquiring an additional 42 shares during the period. Finally, Suncoast Equity Management lifted its stake in shares of Booking by 3.0% during the first quarter. Suncoast Equity Management now owns 11,402 shares of the business services provider’s stock valued at $41,365,000 after acquiring an additional 337 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Booking Price Performance

BKNG stock traded up $72.86 during mid-day trading on Friday, reaching $4,749.11. The company had a trading volume of 519,752 shares, compared to its average volume of 182,676. The stock has a 50 day simple moving average of $4,136.96 and a two-hundred day simple moving average of $3,883.88. The company has a market capitalization of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $2,756.39 and a 52 week high of $4,856.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the firm posted $37.62 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Booking Holdings Inc. will post 177.79 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.74%. Booking’s payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKNG shares. JPMorgan Chase & Co. cut their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Bank of America increased their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday. Wedbush increased their target price on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, UBS Group increased their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

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.