Intelligence Driven Advisers LLC Raises Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Intelligence Driven Advisers LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 45.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153 shares of the business services provider’s stock after buying an additional 48 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Booking were worth $537,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in Booking in the 4th quarter valued at $25,000. Naples Money Management LLC purchased a new stake in Booking in the 4th quarter valued at $25,000. Valued Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter valued at $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter valued at $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in Booking in the 4th quarter valued at $28,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The shares were 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 owns 211 shares in the company, valued at $756,027.77. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 in the last quarter. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JMP Securities upped their target price 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. Edward Jones reiterated a “hold” rating on shares of Booking in a report on Friday, February 16th. Evercore ISI lowered their price target on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $3,850.00 price target on shares of Booking in a report on Tuesday. Finally, UBS Group increased their price target on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

Get Our Latest Stock Analysis on BKNG

Booking Price Performance

Shares of BKNG traded up $15.64 during mid-day trading on Thursday, reaching $3,431.28. The company’s stock had a trading volume of 222,924 shares, compared to its average volume of 263,316. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The stock has a market cap of $116.73 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company’s 50 day moving average is $3,531.58 and its 200 day moving average is $3,395.06.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the business posted $24.74 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 176.1 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.02%. Booking’s dividend payout ratio is presently 29.67%.

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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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