Patriot Financial Group Insurance Agency LLC Purchases 124 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Patriot Financial Group Insurance Agency LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 696 shares of the business services provider’s stock after buying an additional 124 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Booking were worth $2,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth $28,000. Atticus Wealth Management LLC grew its position in Booking by 1,000.0% in the 4th quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider’s stock worth $39,000 after purchasing an additional 10 shares during the last quarter. Sutton Wealth Advisors Inc. grew its position in Booking by 44.4% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider’s stock worth $40,000 after purchasing an additional 4 shares during the last quarter. KB Financial Partners LLC acquired a new stake in Booking in the 1st quarter worth $34,000. Finally, Janiczek Wealth Management LLC acquired a new stake in Booking in the 3rd quarter worth $46,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG traded down $45.62 during trading on Friday, reaching $3,627.88. The company had a trading volume of 274,096 shares, compared to its average volume of 299,302. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The stock has a market cap of $123.96 billion, a PE ratio of 30.75, a PEG ratio of 1.12 and a beta of 1.40. The business’s 50 day moving average price is $3,586.15 and its 200-day moving average price is $3,318.97.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $24.74 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 175.46 earnings per share for the current year.

Booking Dividend Announcement

The business 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. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is presently 29.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. TD Cowen lifted their target price on shares of Booking from $3,250.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Oppenheimer lifted their target price on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Finally, Tigress Financial lifted their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 28th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,697.38.

Insiders Place Their Bets

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 shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO David I. Goulden sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the completion of the sale, the chief financial officer now directly owns 10,204 shares of the company’s stock, valued at $35,657,571.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,467 shares of company stock valued at $22,299,114. Insiders own 0.15% of the company’s stock.

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.