71 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by US Asset Management LLC

US Asset Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 71 shares of the business services provider’s stock, valued at approximately $252,000.

Several other large investors also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in shares of Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after purchasing an additional 25 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Booking by 3.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after buying an additional 470 shares during the last quarter. Boston Trust Walden Corp purchased a new position in Booking during the fourth quarter worth about $24,841,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Booking during the fourth quarter valued at about $879,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, 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 SEC, which is available at this link. In other news, insider Paulo Pisano sold 300 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The disclosure for this sale can be found here. Insiders sold 5,651 shares of company stock worth $19,485,975 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Booking Stock Up 3.3 %

NASDAQ:BKNG traded up $120.03 during trading hours on Thursday, reaching $3,780.03. 437,013 shares of the company’s stock were exchanged, compared to its average volume of 272,135. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The firm has a market capitalization of $128.25 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.08 and a beta of 1.40. The company has a 50-day moving average of $3,532.23 and a 200 day moving average of $3,420.07.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the company posted $11.60 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 176.46 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.93%. Booking’s dividend payout ratio is presently 26.25%.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. HSBC upped their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer raised their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. DA Davidson upped their price objective on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, UBS Group lifted their target price on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,876.96.

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.