Gryphon Financial Partners LLC Has $536,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gryphon Financial Partners LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 45.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151 shares of the business services provider’s stock after purchasing an additional 47 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Booking were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. Activest Wealth Management acquired a new position in shares of Booking in the 4th quarter valued at $25,000. Naples Money Management LLC purchased a new stake in Booking in the 4th quarter worth about $25,000. Valued Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth about $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in Booking in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $3,776.35 on Friday. The firm has a fifty day moving average of $3,625.56 and a two-hundred day moving average of $3,523.40. The company has a market cap of $128.12 billion, a P/E ratio of 28.32, a PEG ratio of 1.12 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:BKNGGet Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company earned $11.60 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.93%. Booking’s payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking 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 transaction, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. Insiders have sold a total of 5,651 shares of company stock valued at $19,485,975 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson raised their price target on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BMO Capital Markets reissued an “outperform” rating and set a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a report on Friday, May 3rd. HSBC increased their price objective on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Susquehanna lifted their price objective on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a report on Monday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3,876.96.

Check Out Our Latest Analysis on Booking

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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