Booking Holdings Inc. (NASDAQ:BKNG) Holdings Lowered by Field & Main Bank

Field & Main Bank cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214 shares of the business services provider’s stock after selling 17 shares during the period. Field & Main Bank’s holdings in Booking were worth $759,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management acquired a new position in Booking in the fourth quarter worth approximately $25,000. Naples Money Management LLC acquired a new stake in Booking during the 4th quarter worth about $25,000. Valued Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking in the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new position in Booking in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,069,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction 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 owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction on 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 directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,461 shares of company stock worth $18,815,825. Corporate insiders own 0.15% of the company’s stock.

Booking Price Performance

BKNG stock traded down $6.28 during midday trading on Monday, reaching $3,514.80. 146,474 shares of the company were exchanged, compared to its average volume of 264,851. The business has a 50-day moving average price of $3,543.07 and a two-hundred day moving average price of $3,391.38. The firm has a market capitalization of $119.57 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping the consensus estimate of $29.72 by $2.28. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $24.74 EPS. As a group, analysts anticipate that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BKNG shares. Wells Fargo & Company dropped their target price 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. BMO Capital Markets initiated coverage on shares of Booking in a report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target for the company. UBS Group upped their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. JMP Securities lifted their target price on Booking from $3,600.00 to $3,950.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. 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 investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

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.