Mogy Joel R Investment Counsel Inc. Purchases 131 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mogy Joel R Investment Counsel Inc. lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,023 shares of the business services provider’s stock after acquiring an additional 131 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Booking were worth $3,629,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management bought a new position in Booking during the fourth quarter valued at about $25,000. Naples Money Management LLC bought a new position in Booking during the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC bought a new position in Booking during the fourth quarter valued at about $28,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG traded up $18.60 on Friday, reaching $3,521.08. The company had a trading volume of 146,026 shares, compared to its average volume of 193,606. The business has a 50 day simple moving average of $3,547.11 and a 200 day simple moving average of $3,383.62. The company has a market cap of $119.79 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.06 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,456.93 and a 52-week high of $3,918.00.

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, beating analysts’ consensus estimates of $29.72 by $2.28. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. Booking’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $24.74 earnings per share. As a group, equities research analysts predict that Booking Holdings Inc. will post 176.1 EPS for the current fiscal 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s payout ratio is currently 29.67%.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the transaction, the director now directly owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred 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 owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 289 shares in the company, 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 ninety days. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Oppenheimer increased their target price on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. BMO Capital Markets started coverage on shares of Booking in a research report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.