Corient Private Wealth LLC Sells 268 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Corient Private Wealth LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,446 shares of the business services provider’s stock after selling 268 shares during the quarter. Corient Private Wealth LLC’s holdings in Booking were worth $37,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BKNG. Balentine LLC lifted its stake in shares of Booking by 39.3% in the fourth quarter. Balentine LLC now owns 188 shares of the business services provider’s stock valued at $666,000 after buying an additional 53 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Booking by 78.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 772 shares of the business services provider’s stock valued at $2,738,000 after acquiring an additional 339 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Booking by 16.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 584 shares of the business services provider’s stock worth $2,072,000 after acquiring an additional 81 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Booking by 49.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 299 shares of the business services provider’s stock worth $1,061,000 after purchasing an additional 99 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Booking by 0.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,343 shares of the business services provider’s stock valued at $54,425,000 after purchasing an additional 124 shares during the period. 92.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BKNG shares. Bank of America raised their target price on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Barclays decreased their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. UBS Group increased their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, DA Davidson increased their price objective on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Ten 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 stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,876.96.

Insider Activity

In other Booking news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction 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 approximately $114,826,417. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paulo Pisano sold 300 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now owns 4,233 shares of the company’s stock, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold 5,651 shares of company stock valued at $19,485,975 in the last quarter. Company insiders own 0.12% of the company’s stock.

Booking Trading Up 0.1 %

NASDAQ BKNG opened at $3,825.10 on Thursday. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company has a market capitalization of $129.79 billion, a PE ratio of 28.69, a P/E/G ratio of 1.14 and a beta of 1.40. The stock has a 50-day simple moving average of $3,592.26 and a 200 day simple moving average of $3,488.31.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 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 company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the business posted $11.60 EPS. Booking’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $8.75 per share. 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 0.92%. Booking’s dividend payout ratio is 26.25%.

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.