Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Central Valley Advisors LLC

Central Valley Advisors LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403 shares of the business services provider’s stock after purchasing an additional 17 shares during the quarter. Central Valley Advisors LLC’s holdings in Booking were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Norges Bank acquired a new position in Booking in the fourth quarter valued at $1,742,160,000. Pacer Advisors Inc. increased its stake in Booking by 2,479.0% during the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after acquiring an additional 112,249 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Booking during the first quarter worth about $401,371,000. International Assets Investment Management LLC acquired a new stake in Booking during the fourth quarter worth about $3,774,850,000. Finally, BlueSpruce Investments LP acquired a new stake in Booking during the fourth quarter worth about $220,080,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $29.17 during trading hours on Tuesday, hitting $4,010.37. The stock had a trading volume of 47,105 shares, compared to its average volume of 255,690. The stock’s fifty day simple moving average is $3,715.51 and its 200 day simple moving average is $3,608.85. The firm has a market capitalization of $136.07 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.19 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $2,605.00 and a 1-year high of $4,033.00.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The company had revenue of $4.42 billion during 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 quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.60 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, June 7th. Booking’s dividend payout ratio (DPR) is 26.25%.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paulo Pisano sold 227 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,021 shares of company stock valued at $3,617,852. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. DA Davidson upped their price target on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Argus upped their price target on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wedbush restated an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research note on Tuesday, April 30th. Benchmark reaffirmed a “hold” rating on shares of Booking in a research report on Friday, May 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 target price on shares of Booking in a research report on Monday, May 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,902.54.

View Our Latest Analysis on BKNG

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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