SPWM Advisors LLC Sells 2,887 Shares of Booking Holdings Inc. $BKNG

SPWM Advisors LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,184 shares of the business services provider’s stock after selling 2,887 shares during the quarter. Booking comprises approximately 1.4% of SPWM Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. SPWM Advisors LLC’s holdings in Booking were worth $1,487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Sunpointe LLC raised its holdings in Booking by 2,480.8% in the second quarter. Sunpointe LLC now owns 1,342 shares of the business services provider’s stock worth $239,000 after purchasing an additional 1,290 shares during the period. BridgePort Financial Solutions LLC increased its position in shares of Booking by 2,614.8% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 2,932 shares of the business services provider’s stock valued at $523,000 after buying an additional 2,824 shares in the last quarter. Quaker Wealth Management LLC increased its position in shares of Booking by 1,895.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 439 shares of the business services provider’s stock valued at $78,000 after buying an additional 417 shares in the last quarter. Bogart Wealth LLC raised its stake in Booking by 3,475.0% during the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock worth $25,000 after buying an additional 139 shares during the period. Finally, Stonebridge Financial Group LLC MO raised its stake in Booking by 2,412.2% during the 2nd quarter. Stonebridge Financial Group LLC MO now owns 3,492 shares of the business services provider’s stock worth $622,000 after buying an additional 3,353 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $212.06 on Monday. The stock has a 50-day moving average price of $184.00 and a two-hundred day moving average price of $176.65. The stock has a market cap of $159.34 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $55.40 EPS. On average, analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is 18.58%.

Insider Buying and Selling 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 value of $10,229,375.00. Following the sale, the vice president owned 425,075 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at $3,100,500. The trade was a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 89,625 shares of company stock valued at $15,872,675 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. Wells Fargo & Company set a $220.00 target price on Booking and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Truist Financial set a $242.00 price target on Booking in a research report on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Bank of America reiterated a “buy” rating and issued a $234.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Finally, Wedbush increased their target price on Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.72.

Booking Profile

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.