Van ECK Associates Corp Sells 100 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Van ECK Associates Corp lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 918 shares of the business services provider’s stock after selling 100 shares during the quarter. Van ECK Associates Corp’s holdings in Booking were worth $3,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Activest Wealth Management bought a new stake in shares of Booking during the fourth quarter worth $25,000. Naples Money Management LLC bought a new stake in shares of Booking during the fourth quarter worth $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Booking during the fourth quarter worth $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth $28,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley assumed coverage on Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective for the company. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. HSBC lifted their price objective on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. lifted their price objective on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $4,205.00 price objective (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $3,902.54.

Check Out Our Latest Analysis on BKNG

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paulo Pisano sold 227 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold 1,021 shares of company stock valued at $3,617,852 over the last 90 days. 0.12% of the stock is owned by corporate insiders.

Booking Trading Up 0.3 %

Shares of NASDAQ BKNG opened at $3,930.15 on Friday. The firm has a market cap of $133.35 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $2,624.50 and a 1-year high of $4,040.00. The business’s 50 day moving average is $3,800.27 and its 200-day moving average is $3,639.94.

Booking (NASDAQ:BKNGGet Free Report) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $11.60 earnings per share. Analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a 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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.