Stratos Wealth Partners LTD. Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Posted by Defense World Staff on Jul 17th, 2023

Stratos Wealth Partners LTD. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 13.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 507 shares of the business services provider’s stock after selling 82 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Booking were worth $1,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter worth about $26,000. Albion Financial Group UT purchased a new stake in Booking during the 1st quarter worth about $27,000. Arlington Partners LLC purchased a new stake in Booking during the 1st quarter worth about $27,000. Delta Asset Management LLC TN purchased a new stake in Booking during the 4th quarter worth about $30,000. Finally, AXS Investments LLC purchased a new stake in Booking during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Booking Price Performance

Booking stock opened at $2,866.92 on Monday. The company has a market cap of $105.88 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.33. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.59 and a current ratio of 1.59. Booking Holdings Inc. has a one year low of $1,616.85 and a one year high of $2,867.76. The business has a fifty day moving average of $2,661.25 and a two-hundred day moving average of $2,539.79.

Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The business services provider reported $11.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.63 by $1.97. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.75 billion. Booking had a return on equity of 148.40% and a net margin of 22.14%. The business’s revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.90 EPS. As a group, analysts predict that Booking Holdings Inc. will post 137.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Booking from $2,910.00 to $3,000.00 in a report on Monday, May 8th. Mizuho upped their price objective on Booking from $2,670.00 to $2,950.00 in a research report on Friday, May 5th. Wells Fargo & Company began coverage on Booking in a research report on Wednesday, June 7th. They set an “underweight” rating and a $2,257.00 price objective for the company. StockNews.com began coverage on Booking in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Tigress Financial upped their price objective on Booking from $3,210.00 to $3,430.00 in a research report on Friday, March 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,766.60.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $2,632.69, for a total transaction of $1,974,517.50. Following the completion of the sale, the chief executive officer now owns 40,699 shares in the company, valued at approximately $107,147,850.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $2,632.69, for a total transaction of $1,974,517.50. Following the completion of the sale, the chief executive officer now owns 40,699 shares in the company, valued at approximately $107,147,850.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David I. Goulden sold 550 shares of Booking stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $2,626.99, for a total value of $1,444,844.50. Following the sale, the chief financial officer now owns 15,054 shares of the company’s stock, valued at approximately $39,546,707.46. The disclosure for this sale can be found here. Insiders sold 2,642 shares of company stock valued at $6,940,292 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Booking Profile

(Free Report)

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.

Stratos Wealth Partners LTD. Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Booking Price Performance

Wall Street Analyst Weigh In

Insider Transactions at Booking

Booking Profile

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