First National Trust Co Sells 381 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

First National Trust Co trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,876 shares of the business services provider’s stock after selling 381 shares during the period. First National Trust Co’s holdings in Booking were worth $10,202,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new stake in Booking during the fourth quarter valued at approximately $25,000. Naples Money Management LLC purchased a new stake in shares of Booking during the 4th quarter valued at $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in Booking in the fourth quarter worth $28,000. Finally, Bourgeon Capital Management LLC bought a new position in Booking in the fourth quarter valued at $28,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. Insiders sold a total of 5,483 shares of company stock worth $18,891,445 in the last three months. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. UBS Group upped their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. BMO Capital Markets reiterated an “outperform” rating and set a $4,205.00 price target (up from $4,150.00) on shares of Booking in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. JMP Securities upped their price objective on shares of Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Finally, Barclays decreased their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,823.00.

Booking Price Performance

BKNG traded up $104.47 on Friday, hitting $3,577.38. The company had a trading volume of 534,715 shares, compared to its average volume of 200,734. Booking Holdings Inc. has a 52-week low of $2,456.93 and a 52-week high of $3,918.00. The stock has a fifty day simple moving average of $3,524.43 and a 200-day simple moving average of $3,399.84. The firm has a market capitalization of $121.70 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $11.60 EPS. Equities research analysts expect that Booking Holdings Inc. will post 176.46 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio is presently 26.25%.

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.