Sequoia Financial Advisors LLC Sells 249 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sequoia Financial Advisors LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 724 shares of the business services provider’s stock after selling 249 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Booking were worth $2,627,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BKNG. Norges Bank bought a new stake in Booking in the fourth quarter worth $1,742,160,000. Pacer Advisors Inc. lifted its position in Booking by 2,479.0% in the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after buying an additional 112,249 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Booking in the first quarter worth $401,371,000. International Assets Investment Management LLC bought a new stake in shares of Booking during the fourth quarter worth $3,774,850,000. Finally, BlueSpruce Investments LP bought a new stake in shares of Booking during the fourth quarter worth $220,080,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Tuesday, April 30th. Bank of America lifted their target price on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. B. Riley assumed coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price for the company. JPMorgan Chase & Co. raised their price target on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,902.54.

View Our Latest Stock Report on Booking

Insider Buying and Selling

In related news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the transaction, the director now directly owns 189 shares of the company’s stock, valued at $649,640.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paulo Pisano sold 227 shares of the business’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 value 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 $15,157,314.75. The disclosure for this sale can be found here. Insiders sold 1,021 shares of company stock valued at $3,617,852 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,930.15 on Friday. The company has a market cap of $133.35 billion, a PE ratio of 29.47, a P/E/G ratio of 1.17 and a beta of 1.38. The business has a 50-day simple moving average of $3,800.27 and a two-hundred day simple moving average of $3,640.81. 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 released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the company posted $11.60 earnings per share. The company’s revenue was up 16.9% compared to the same quarter last year. On average, sell-side analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

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

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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