Booking Holdings Inc. (NASDAQ:BKNG) is Gibraltar Capital Management Inc.’s 8th Largest Position

Gibraltar Capital Management Inc. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,471 shares of the business services provider’s stock after selling 196 shares during the quarter. Booking accounts for approximately 3.7% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Gibraltar Capital Management Inc.’s holdings in Booking were worth $8,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Activest Wealth Management purchased a new position in Booking during the fourth quarter worth $25,000. Naples Money Management LLC purchased a new position in Booking during the fourth quarter worth $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in Booking during the fourth quarter worth $28,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 1.8 %

Shares of BKNG stock traded down $62.77 during trading hours on Tuesday, reaching $3,452.03. 232,140 shares of the company’s stock were exchanged, compared to its average volume of 264,473. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The stock has a market cap of $117.44 billion, a PE ratio of 29.26, a PEG ratio of 1.07 and a beta of 1.40. The stock’s fifty day moving average price is $3,538.09 and its two-hundred day moving average price is $3,394.91.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping 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 business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm earned $24.74 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 176.1 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given 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 1.01%. Booking’s dividend payout ratio is currently 29.67%.

Insider Activity at Booking

In related 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 value of $218,300.00. Following the sale, the director now owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Booking 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 value of $218,300.00. Following the sale, the director now owns 289 shares in the company, valued at approximately $1,069,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock worth $18,815,825 over the last quarter. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BKNG. JPMorgan Chase & Co. lifted their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Tuesday. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. JMP Securities lifted their target price on Booking from $3,600.00 to $3,950.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets began coverage on Booking in a research report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

About Booking

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.