Angeles Wealth Management LLC Has $745,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Angeles Wealth Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 77.4% in the second quarter, Holdings Channel reports. The fund owned 188 shares of the business services provider’s stock after acquiring an additional 82 shares during the period. Angeles Wealth Management LLC’s holdings in Booking were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares in the last quarter. Janus Henderson Group PLC increased its stake in Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares in the last quarter. Norges Bank acquired a new stake in Booking during the 4th quarter worth approximately $1,742,160,000. Fisher Asset Management LLC lifted its stake in Booking by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock valued at $1,336,085,000 after buying an additional 15,303 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after buying an additional 10,889 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.8 %

BKNG opened at $3,834.82 on Wednesday. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The business has a 50 day moving average of $3,770.42 and a 200-day moving average of $3,701.12. The stock has a market cap of $128.54 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.14 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $37.62 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 177.03 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio is currently 26.25%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paulo Pisano sold 100 shares of the company’s 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a report on Monday, August 5th. Tigress Financial increased their target price on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Morgan Stanley increased their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Benchmark cut their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald assumed coverage on shares of Booking in a research note on Thursday, September 5th. They set a “neutral” rating and a $3,590.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

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.