Keel Point LLC Has $465,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Keel Point LLC cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131 shares of the business services provider’s stock after selling 5 shares during the quarter. Keel Point LLC’s holdings in Booking were worth $465,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Booking in the 4th quarter valued at about $1,068,137,000. Arrowstreet Capital Limited Partnership increased its holdings in Booking by 3,557.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock worth $333,870,000 after purchasing an additional 138,279 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Booking by 61.6% during the 4th quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock worth $596,303,000 after purchasing an additional 112,831 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Booking by 2,479.0% during the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after purchasing an additional 112,249 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC bought a new stake in Booking during the 4th quarter worth approximately $222,919,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction 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 owns 33,548 shares in the company, valued at approximately $114,826,417. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Insiders have sold a total of 4,689 shares of company stock worth $16,086,423 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Booking Stock Down 1.3 %

Shares of BKNG opened at $3,485.63 on Tuesday. The company has a market capitalization of $119.10 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The firm has a 50 day moving average of $3,595.13 and a 200 day moving average of $3,360.99. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s payout ratio is currently 29.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Ascendiant Capital Markets upped their target price on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a report on Friday, December 29th. The Goldman Sachs Group increased their target price on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. B. Riley initiated coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price on the stock. Tigress Financial increased their target price on Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 28th. Finally, Oppenheimer increased their price objective on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target 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.