Litman Gregory Wealth Management LLC Has $11.23 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Litman Gregory Wealth Management LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,666 shares of the business services provider’s stock after acquiring an additional 5 shares during the quarter. Booking makes up approximately 0.9% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 28th largest holding. Litman Gregory Wealth Management LLC’s holdings in Booking were worth $11,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New Mexico Educational Retirement Board boosted its holdings in shares of Booking by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after acquiring an additional 400 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Booking in the 1st quarter worth approximately $537,000. BDF Gestion acquired a new position in Booking during the 2nd quarter worth $6,897,000. Gamco Investors INC. ET AL acquired a new position in Booking during the 1st quarter worth $519,000. Finally, Diversified Trust Co lifted its holdings in Booking by 41.9% during the 1st quarter. Diversified Trust Co now owns 1,084 shares of the business services provider’s stock worth $3,933,000 after buying an additional 320 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BKNG shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Bank of America reduced their price objective on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Tigress Financial upped their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Oppenheimer dropped their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Ten 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. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,133.75.

Booking Price Performance

BKNG stock traded down $8.55 during trading hours on Wednesday, reaching $4,369.23. 22,335 shares of the stock were exchanged, compared to its average volume of 244,969. The firm’s 50-day moving average is $4,015.02 and its 200-day moving average is $3,835.37. The company has a market cap of $146.46 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.33 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,395.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the business posted $37.62 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Booking Holdings Inc. will post 177.05 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.80%. Booking’s dividend payout ratio (DPR) is currently 24.50%.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Booking Company 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.