Proficio Capital Partners LLC Purchases 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Proficio Capital Partners LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Proficio Capital Partners LLC’s holdings in Booking were worth $570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Advisors Asset Management Inc. raised its position in shares of Booking by 2.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 459 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 12 shares during the period. Belpointe Asset Management LLC grew its stake in Booking by 10.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 84 shares of the business services provider’s stock worth $259,000 after acquiring an additional 8 shares in the last quarter. BRYN MAWR TRUST Co boosted its stake in shares of Booking by 36.5% during the third quarter. BRYN MAWR TRUST Co now owns 1,219 shares of the business services provider’s stock valued at $3,759,000 after purchasing an additional 326 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Booking during the third quarter valued at approximately $108,000. Finally, Creative Planning boosted its stake in shares of Booking by 21.1% during the third quarter. Creative Planning now owns 3,109 shares of the business services provider’s stock valued at $9,587,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction 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 owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The transaction was disclosed in a legal filing with the SEC, which is available 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 in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock valued at $3,617,852 in the last three months. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

BKNG traded down $7.15 during trading on Tuesday, reaching $3,977.48. The company had a trading volume of 150,831 shares, compared to its average volume of 251,763. The firm’s 50-day simple moving average is $3,820.18 and its 200 day simple moving average is $3,648.41. The company has a market cap of $134.96 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $2,637.00 and a 12-month high of $4,040.00.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the business posted $11.60 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s dividend payout ratio is currently 26.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BKNG shares. B. Riley began coverage on shares of Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price for the company. HSBC raised their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Tigress Financial raised their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,914.00.

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.