Wedmont Private Capital Buys 56 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Wedmont Private Capital boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 38.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202 shares of the business services provider’s stock after acquiring an additional 56 shares during the period. Wedmont Private Capital’s holdings in Booking were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new position in Booking during the 2nd quarter worth $26,000. Activest Wealth Management acquired a new stake in shares of Booking in the 3rd quarter valued at $25,000. St. James Investment Advisors LLC boosted its holdings in shares of Booking by 50.0% in the 3rd quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 7 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Booking by 188.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 26 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 17 shares in the last quarter. Finally, General Partner Inc. acquired a new stake in shares of Booking in the 4th quarter valued at $56,000. Institutional investors own 89.23% of the company’s stock.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 427 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the completion of the sale, the chief executive officer now directly owns 42,949 shares in the company, valued at $104,241,947.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 35 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total transaction of $80,426.85. Following the transaction, the director now directly owns 723 shares of the company’s stock, valued at approximately $1,661,388.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 427 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the transaction, the chief executive officer now directly owns 42,949 shares in the company, valued at $104,241,947.39. The disclosure for this sale can be found here. Insiders have sold 3,098 shares of company stock worth $7,278,014 in the last quarter. Company insiders own 0.13% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $2,440.85 on Friday. The company has a market cap of $91.89 billion, a P/E ratio of 31.35, a PEG ratio of 1.17 and a beta of 1.31. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.56. The business has a 50-day moving average price of $2,432.29 and a two-hundred day moving average price of $2,080.53. Booking Holdings Inc. has a 1-year low of $1,616.85 and a 1-year high of $2,630.00.

Booking (NASDAQ:BKNG – Get Rating) last issued its earnings results on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, topping analysts’ consensus estimates of $20.97 by $3.77. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.90 billion. Booking had a return on equity of 107.86% and a net margin of 17.89%. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the previous year, the company posted $15.83 earnings per share. As a group, analysts anticipate that Booking Holdings Inc. will post 127.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America raised their target price on Booking from $2,700.00 to $2,850.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Credit Suisse Group raised their target price on Booking from $2,600.00 to $2,850.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Evercore ISI raised their target price on Booking from $2,600.00 to $3,000.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Mizuho raised their target price on Booking from $2,170.00 to $2,670.00 and gave the company a “buy” rating in a report on Friday, February 24th. Finally, StockNews.com began coverage on Booking in a report on Thursday. They issued a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,675.16.

About Booking

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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.