Jackson Thornton Wealth Management LLC Acquires 4,443 Shares of Booking Holdings Inc. $BKNG

Jackson Thornton Wealth Management LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5,418.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,525 shares of the business services provider’s stock after purchasing an additional 4,443 shares during the quarter. Booking makes up approximately 1.7% of Jackson Thornton Wealth Management LLC’s holdings, making the stock its 13th biggest position. Jackson Thornton Wealth Management LLC’s holdings in Booking were worth $19,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J. Stern & Co. LLP boosted its position in shares of Booking by 191,965.8% during the fourth 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 during the last quarter. Norges Bank bought a new stake in Booking in the 4th quarter valued at $3,271,041,000. HF Advisory Group LLC lifted its stake in Booking by 28,353.8% in the 4th quarter. HF Advisory Group LLC now owns 204,298 shares of the business services provider’s stock worth $1,094,083,000 after purchasing an additional 203,580 shares in the last quarter. Cardano Risk Management B.V. boosted its holdings in shares of Booking by 862.0% during the 4th quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock valued at $1,167,890,000 after purchasing an additional 195,411 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Booking by 15.4% during 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 purchasing an additional 128,700 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In other news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $3,100,331.36. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 80,351 shares of company stock worth $13,545,706. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BKNG shares. Deutsche Bank Aktiengesellschaft reduced their target price on Booking from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen cut Booking from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $175.00 price objective (down from $180.00) on shares of Booking in a research note on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a report on Thursday, June 11th. Finally, Weiss Ratings raised shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $227.11.

Booking Price Performance

Shares of NASDAQ BKNG opened at $181.95 on Wednesday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $233.58. The firm has a 50-day simple moving average of $168.65 and a two-hundred day simple moving average of $181.33. The company has a market cap of $140.99 billion, a P/E ratio of 23.93, a PEG ratio of 1.08 and a beta of 1.07.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, June 5th. Booking’s dividend payout ratio (DPR) is 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.