Advisor Resource Council Sells 213 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Advisor Resource Council reduced its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144 shares of the business services provider’s stock after selling 213 shares during the period. Advisor Resource Council’s holdings in Booking were worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Diversified Trust Co raised its holdings in shares of Booking by 0.4% in the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock valued at $2,710,000 after purchasing an additional 3 shares in the last quarter. Howard Financial Services LTD. raised its holdings in shares of Booking by 2.4% in the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 3 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 3 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Booking by 1.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BKNG shares. HSBC boosted their price target on shares of Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Evercore ISI boosted their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Benchmark reiterated a “hold” rating on shares of Booking in a research note on Friday, May 3rd. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,902.54.

Check Out Our Latest Analysis on Booking

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by company insiders.

Booking Stock Performance

NASDAQ:BKNG opened at $3,916.89 on Friday. The company has a fifty day moving average of $3,783.80 and a two-hundred day moving average of $3,634.79. The stock has a market capitalization of $132.90 billion, a PE ratio of 29.38, a P/E/G ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a fifty-two week low of $2,624.50 and a fifty-two week high of $4,040.00.

Booking (NASDAQ:BKNGGet Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $11.60 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is currently 26.25%.

Booking Company 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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