Dynasty Wealth Management LLC Boosts Holdings in Booking Holdings Inc. $BKNG

Dynasty Wealth Management LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 229.6% in the 3rd quarter, Holdings Channel reports. The firm owned 412 shares of the business services provider’s stock after buying an additional 287 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Booking were worth $2,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Booking during the second quarter valued at $2,210,917,000. Laurel Wealth Advisors LLC raised its holdings in shares of Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after acquiring an additional 289,412 shares in the last quarter. Vestor Capital LLC boosted its position in shares of Booking by 658,925.0% during the 2nd quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after acquiring an additional 105,428 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Booking during the second quarter worth about $536,675,000. Finally, Lone Pine Capital LLC purchased a new position in shares of Booking during the second quarter worth about $347,192,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BKNG shares. Bank of America raised shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of Booking in a research note on Wednesday, December 3rd. Cantor Fitzgerald raised their price target on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,225.56.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the business’s 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 owned 19,615 shares in the company, valued at approximately $101,631,984.10. The trade was a 4.63% 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. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the transaction, the director directly owned 687 shares of the company’s stock, valued at approximately $3,566,320.05. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,324 shares of company stock worth $17,190,323. Insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $5,115.91 on Tuesday. The business has a 50-day moving average of $5,189.20 and a 200 day moving average of $5,352.44. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market capitalization of $164.89 billion, a PE ratio of 33.25, a P/E/G ratio of 1.11 and a beta of 1.23.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $83.39 earnings per share. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were given a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is presently 24.96%.

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.