Trust Asset Management LLC Sells 36 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Trust Asset Management LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421 shares of the business services provider’s stock after selling 36 shares during the period. Trust Asset Management LLC’s holdings in Booking were worth $1,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Wedge Capital Management L L P NC bought a new position in shares of Booking in the third quarter worth approximately $222,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Booking by 21.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 34 shares of the business services provider’s stock worth $105,000 after purchasing an additional 6 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Booking by 16.5% in the third quarter. Private Trust Co. NA now owns 127 shares of the business services provider’s stock worth $392,000 after purchasing an additional 18 shares during the last quarter. Capital Market Strategies LLC grew its holdings in shares of Booking by 7.1% in the third quarter. Capital Market Strategies LLC now owns 182 shares of the business services provider’s stock worth $548,000 after purchasing an additional 12 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in shares of Booking by 1.2% in the third quarter. WASHINGTON TRUST Co now owns 4,782 shares of the business services provider’s stock worth $14,747,000 after purchasing an additional 58 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKNG shares. Ascendiant Capital Markets raised their price target on Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Barclays dropped their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Wells Fargo & Company dropped their price target on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. Evercore ISI dropped their price target on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, Oppenheimer raised their price target on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the business’s 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 value of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,461 shares of company stock valued at $18,815,825. Corporate insiders own 0.15% of the company’s stock.

Booking Price Performance

NASDAQ BKNG traded down $15.04 during trading hours on Thursday, hitting $3,502.48. The company’s stock had a trading volume of 142,694 shares, compared to its average volume of 267,831. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company has a market cap of $119.68 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The company’s 50 day simple moving average is $3,551.02 and its two-hundred day simple moving average is $3,380.07.

Booking (NASDAQ:BKNG) last posted 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. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm earned $24.74 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. Booking’s dividend payout ratio is presently 29.67%.

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.