Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,535 shares of the business services provider’s stock after acquiring an additional 323 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Booking were worth $40,917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in Booking in the 4th quarter valued at about $131,000. Acropolis Investment Management LLC lifted its stake in Booking by 28.9% during the fourth quarter. Acropolis Investment Management LLC now owns 223 shares of the business services provider’s stock valued at $791,000 after buying an additional 50 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Booking by 32.7% during the fourth quarter. CoreCap Advisors LLC now owns 142 shares of the business services provider’s stock valued at $504,000 after buying an additional 35 shares in the last quarter. HB Wealth Management LLC lifted its stake in Booking by 10.3% during the fourth quarter. HB Wealth Management LLC now owns 480 shares of the business services provider’s stock valued at $1,703,000 after buying an additional 45 shares in the last quarter. Finally, Premier Path Wealth Partners LLC purchased a new stake in Booking during the fourth quarter valued at about $636,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reduced 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 note on Friday, February 23rd. JPMorgan Chase & Co. upped their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Erste Group Bank reiterated a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Susquehanna upped their target price on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a report on Monday, February 26th. Finally, Mizuho upped their target price on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Eight investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,697.38.

Check Out Our Latest Research Report on Booking

Insider Activity

In other news, CEO Glenn D. Fogel sold 4,302 shares of the 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 value of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the completion of the transaction, the director now directly owns 348 shares of the company’s stock, valued at $1,217,234.40. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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 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. 0.15% of the stock is owned by company insiders.

Booking Stock Up 0.9 %

Shares of BKNG stock opened at $3,661.08 on Wednesday. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The business’s 50 day moving average is $3,577.35 and its two-hundred day moving average is $3,310.65. The company has a market cap of $125.10 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating the consensus estimate of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company posted $24.74 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Booking Holdings Inc. will post 175.46 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be given a $8.75 dividend. The ex-dividend date is Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.96%. Booking’s dividend payout ratio is 29.67%.

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.

Further Reading

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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