Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143 shares of the business services provider’s stock after purchasing an additional 10 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Booking were worth $507,000 as of its most recent SEC filing.

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

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 4,302 shares of Booking 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 in the company, valued at approximately $114,826,417. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold 5,424 shares of company stock valued at $18,673,145 in the last quarter. Insiders own 0.12% of the company’s stock.

Booking Stock Up 1.5 %

BKNG stock traded up $54.59 during trading on Wednesday, reaching $3,660.00. 273,215 shares of the company’s stock were exchanged, compared to its average volume of 270,288. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The company’s fifty day moving average price is $3,528.95 and its 200-day moving average price is $3,418.38. The firm has a market cap of $124.18 billion, a PE ratio of 27.45, a P/E/G ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. Booking’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.60 EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 176.46 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.96%. Booking’s dividend payout ratio is currently 26.25%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Barclays dropped their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Edward Jones reaffirmed a “hold” rating on shares of Booking in a research report on Friday, February 16th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,844.48.

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.