Intrust Bank NA Increases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Intrust Bank NA lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 645 shares of the business services provider’s stock after acquiring an additional 24 shares during the period. Intrust Bank NA’s holdings in Booking were worth $2,288,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in Booking during the 4th quarter valued at approximately $25,000. Naples Money Management LLC acquired a new stake in Booking during the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in Booking during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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 dated Friday, March 15th. The stock was 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 $114,826,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, 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 value of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Booking Trading Down 0.2 %

Shares of NASDAQ BKNG traded down $6.28 during mid-day trading on Monday, reaching $3,514.80. The company had a trading volume of 125,861 shares, compared to its average volume of 264,190. The stock has a market cap of $119.57 billion, a PE ratio of 29.85, a P/E/G ratio of 1.07 and a beta of 1.40. The company has a 50-day moving average price of $3,547.11 and a two-hundred day moving average price of $3,388.10. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share 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 for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company posted $24.74 earnings per share. Booking’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts expect that Booking Holdings Inc. will post 176.1 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $8.75 dividend. 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 currently 29.67%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price target on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Royal Bank of Canada raised their price target on Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company cut their price target on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Seven 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. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target 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.