Hartford Investment Management Co. Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Hartford Investment Management Co. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,351 shares of the business services provider’s stock after selling 111 shares during the quarter. Hartford Investment Management Co.’s holdings in Booking were worth $8,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Trust Point Inc. acquired a new stake in shares of Booking during the 4th quarter worth about $1,688,000. U S Global Investors Inc. boosted its stake in Booking by 4.3% during the fourth quarter. U S Global Investors Inc. now owns 10,151 shares of the business services provider’s stock worth $36,008,000 after buying an additional 422 shares during the period. Venturi Wealth Management LLC increased its position in shares of Booking by 10.7% during the fourth quarter. Venturi Wealth Management LLC now owns 62 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 6 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Booking by 1,220.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 66 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 61 shares during the period. Finally, Addenda Capital Inc. raised its stake in shares of Booking by 6.0% in the 4th quarter. Addenda Capital Inc. now owns 3,293 shares of the business services provider’s stock valued at $11,681,000 after acquiring an additional 187 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock traded up $71.15 during midday trading on Wednesday, reaching $3,637.24. 97,997 shares of the company were exchanged, compared to its average volume of 283,380. The firm’s 50-day simple moving average is $3,589.15 and its 200-day simple moving average is $3,330.03. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The company has a market capitalization of $124.28 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 1.09 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $24.74 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 175.46 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 29.67%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the transaction, the director now directly owns 348 shares in the company, valued at $1,217,234.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the completion of the sale, the director now owns 348 shares of the company’s stock, valued at $1,217,234.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Insiders sold a total of 6,467 shares of company stock valued at $22,299,114 over the last quarter. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. JMP Securities lifted their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. B. Riley started coverage on Booking in a research report on Wednesday. They issued a “buy” rating and a $4,400.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Wedbush restated an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a report on Friday, February 23rd. Finally, UBS Group increased their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,723.41.

Read Our Latest Research Report on Booking

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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