Booking Holdings Inc. (NASDAQ:BKNG) is Chase Investment Counsel Corp’s 9th Largest Position

Chase Investment Counsel Corp cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,543 shares of the business services provider’s stock after selling 18 shares during the quarter. Booking comprises approximately 2.4% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 9th biggest position. Chase Investment Counsel Corp’s holdings in Booking were worth $5,473,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKNG. Diversified Trust Co lifted its stake in Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares in the last quarter. Howard Financial Services LTD. lifted its position in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after buying an additional 3 shares during the last quarter. Rockland Trust Co. increased its position in shares of Booking by 3.5% during the fourth quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Booking by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its position in shares of Booking by 1.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.4 %

Shares of BKNG traded down $12.93 during mid-day trading on Monday, hitting $3,508.15. The stock had a trading volume of 63,356 shares, compared to its average volume of 263,827. The company has a market cap of $119.35 billion, a PE ratio of 29.85, a PEG ratio of 1.07 and a beta of 1.40. The company’s fifty day simple moving average is $3,547.11 and its two-hundred day simple moving average is $3,388.10. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (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 during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm posted $24.74 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts expect that Booking Holdings Inc. will post 176.1 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the sale, the director now owns 289 shares of the company’s stock, valued at approximately $1,069,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction 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 directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BKNG. JMP Securities raised their price target on Booking from $3,600.00 to $3,950.00 and gave the stock a “market outperform” rating in a report on Monday, February 26th. Evercore ISI lowered their price target on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Oppenheimer raised their price target on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. raised their price target on Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Susquehanna lifted their price objective on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a report on Monday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,723.41.

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.