Insider Selling: Booking Holdings Inc. (NASDAQ:BKNG) Director Sells 22 Shares of Stock

Booking Holdings Inc. (NASDAQ:BKNG) Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Friday, March 15th, Radakovich Lynn Vojvodich sold 28 shares of Booking stock. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12.
• On Wednesday, February 7th, Radakovich Lynn Vojvodich sold 59 shares of Booking stock. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00.

Booking Price Performance

Shares of Booking stock traded down $11.57 during trading on Wednesday, hitting $3,456.20. The company’s stock had a trading volume of 103,161 shares, compared to its average volume of 274,639. The stock has a 50-day moving average price of $3,591.59 and a two-hundred day moving average price of $3,363.69. The stock has a market cap of $118.10 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40. 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 quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating the consensus estimate of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company posted $24.74 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Institutional Investors Weigh In On Booking

A number of large investors have recently added to or reduced their stakes in BKNG. Activest Wealth Management bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. Naples Money Management LLC purchased a new position in Booking during the 4th quarter valued at about $25,000. ICA Group Wealth Management LLC purchased a new position in Booking during the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the 4th quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Booking during the 4th quarter valued at about $28,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research analyst reports. Tigress Financial upped their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 28th. B. Riley initiated coverage on Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price objective for the company. JMP Securities raised their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Barclays decreased their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Finally, UBS Group raised their price objective on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

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.