Syon Capital LLC Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Syon Capital LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238 shares of the business services provider’s stock after selling 6 shares during the period. Syon Capital LLC’s holdings in Booking were worth $844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Pacer Advisors Inc. grew 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 acquiring an additional 112,249 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Booking in the fourth quarter worth about $3,774,850,000. Royal London Asset Management Ltd. grew its position in Booking by 139.8% in the third quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock worth $201,166,000 after acquiring an additional 37,994 shares in the last quarter. Nordea Investment Management AB grew its position in Booking by 41.8% in the third quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after acquiring an additional 30,015 shares in the last quarter. Finally, Rathbones Group PLC boosted its position in shares of Booking by 161.5% during the third quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock valued at $120,937,000 after buying an additional 24,219 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on 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 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 filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock valued at $18,815,825 over the last ninety days. 0.15% of the stock is currently owned by insiders.

Booking Trading Up 0.5 %

Shares of BKNG stock traded up $18.60 during trading hours on Friday, reaching $3,521.08. 138,811 shares of the company’s stock were exchanged, compared to its average volume of 266,242. The company has a market cap of $119.79 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The stock’s 50 day moving average is $3,551.02 and its 200-day moving average is $3,380.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $24.74 earnings per share. Equities analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Seaport Res Ptn restated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Wedbush restated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Thursday, April 18th. 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. The Goldman Sachs Group boosted their target price on Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Finally, Wells Fargo & Company dropped their target price on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Profile

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.