359 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 359 shares of the business services provider’s stock, valued at approximately $1,302,000.

Several other hedge funds have also added to or reduced their stakes in BKNG. Activest Wealth Management acquired a new stake in Booking during the 4th quarter worth approximately $25,000. Naples Money Management LLC acquired a new stake in Booking during the 4th quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new position in Booking during the 4th quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth approximately $28,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 0.0 %

Shares of NASDAQ:BKNG traded up $0.68 during midday trading on Thursday, reaching $3,916.89. The company had a trading volume of 79,413 shares, compared to its average volume of 196,260. The company’s 50 day moving average price is $3,783.80 and its 200 day moving average price is $3,634.79. The stock has a market cap of $132.90 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating the consensus estimate of $14.03 by $6.36. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.60 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $4,205.00 price target (up previously from $4,150.00) on shares of Booking in a report on Friday, May 3rd. B. Riley assumed coverage on shares of Booking in a report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price target for the company. Bank of America raised their price target on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. DA Davidson raised their price target on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, JMP Securities restated a “market outperform” rating and set a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3,902.54.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at $649,640.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 over the last ninety days. Company insiders own 0.12% of the company’s stock.

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.