Team Hewins LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Team Hewins LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 179 shares of the business services provider’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management acquired a new stake in shares of Booking during the 4th quarter worth about $25,000. Naples Money Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter worth about $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $28,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 1.0 %

BKNG traded up $38.66 during trading on Friday, hitting $3,791.34. 119,283 shares of the stock were exchanged, compared to its average volume of 265,232. The firm has a market capitalization of $128.64 billion, a P/E ratio of 28.14, a PEG ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The stock has a fifty day moving average price of $3,597.08 and a two-hundred day moving average price of $3,490.14.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.60 earnings per share. Analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is currently 26.25%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Susquehanna raised their price objective on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. Oppenheimer raised their target price on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a report on Monday, February 5th. JMP Securities restated a “market outperform” rating and set a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. HSBC raised their target price on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, UBS Group raised their target price on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,876.96.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now owns 211 shares in the company, valued at $756,027.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,651 shares of company stock valued at $19,485,975. Company insiders own 0.12% of the company’s stock.

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.