Forte Capital LLC ADV Has $9.85 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Forte Capital LLC ADV decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,778 shares of the business services provider’s stock after selling 24 shares during the quarter. Booking makes up approximately 1.3% of Forte Capital LLC ADV’s portfolio, making the stock its 22nd biggest position. Forte Capital LLC ADV’s holdings in Booking were worth $9,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Activest Wealth Management bought a new position in shares of Booking during the fourth quarter valued at $25,000. Naples Money Management LLC bought a new position in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Booking during the 4th quarter worth about $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Booking in the 4th quarter valued at about $28,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BKNG shares. Barclays lowered their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Oppenheimer upped their target price on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. B. Riley initiated coverage on Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price for the company. JMP Securities boosted their price target on 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, Susquehanna raised their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. Ten equities research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,823.00.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,483 shares of company stock valued at $18,891,445. 0.15% of the stock is owned by corporate insiders.

Booking Stock Performance

BKNG stock traded up $104.47 during midday trading on Friday, reaching $3,577.38. 534,715 shares of the company’s stock traded hands, compared to its average volume of 200,734. The firm has a market capitalization of $121.70 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. The company has a 50-day moving average price of $3,524.43 and a two-hundred day moving average price of $3,399.84. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

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

Booking Dividend Announcement

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

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.