Livforsakringsbolaget Skandia Omsesidigt Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 842 shares of the business services provider’s stock after buying an additional 32 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Booking were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management bought a new position in Booking in the 4th quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth $28,000. Bourgeon Capital Management LLC bought a new position in Booking in the 4th quarter worth $28,000. Finally, Arlington Trust Co LLC bought a new position in Booking in the 4th quarter worth $32,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 0.7 %

BKNG traded down $23.86 on Wednesday, hitting $3,443.91. The company had a trading volume of 170,859 shares, compared to its average volume of 275,648. The company has a market cap of $117.68 billion, a PE ratio of 29.22, a PEG ratio of 1.06 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The business’s fifty day simple moving average is $3,591.59 and its 200 day simple moving average is $3,363.69.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping the consensus estimate of $29.72 by $2.28. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $24.74 earnings per share. On average, analysts anticipate that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.02%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Insiders sold 5,461 shares of company stock worth $18,815,825 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. UBS Group raised their price target on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Erste Group Bank reissued a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Ascendiant Capital Markets raised their price target on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a report on Friday, December 29th. Finally, BMO Capital Markets assumed coverage on Booking in a report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,723.41.

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.