Boyd Watterson Asset Management LLC OH Cuts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Boyd Watterson Asset Management LLC OH lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 567 shares of the business services provider’s stock after selling 77 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Booking were worth $2,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. LPL Financial LLC boosted its holdings in shares of Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after purchasing an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock valued at $13,539,000 after buying an additional 25 shares during the period. Crestwood Advisors Group LLC raised its position in shares of Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after buying an additional 470 shares during the period. Boston Trust Walden Corp purchased a new stake in shares of Booking during the 4th quarter valued at approximately $24,841,000. Finally, Advisor Resource Council raised its position in shares of Booking by 382.4% during the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock valued at $1,266,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now owns 289 shares in the company, valued at approximately $1,069,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKNG shares. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Mizuho lifted their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Erste Group Bank reissued a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Susquehanna boosted their target price on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research report on Monday, February 26th. Finally, JMP Securities boosted their target price on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $18.60 during trading on Friday, reaching $3,521.08. The company had a trading volume of 146,026 shares, compared to its average volume of 193,606. The firm’s fifty day moving average is $3,547.11 and its 200 day moving average is $3,383.62. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The firm has a market capitalization of $119.79 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating the consensus estimate of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $24.74 EPS. Equities analysts predict that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.99%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

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.