Team Hewins LLC Purchases New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Team Hewins LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 179 shares of the business services provider’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. LPL Financial LLC grew its holdings in Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after acquiring an additional 1,236 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in 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 acquiring an additional 25 shares during the period. Crestwood Advisors Group LLC grew its holdings in Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after acquiring an additional 470 shares during the period. Boston Trust Walden Corp acquired a new stake in Booking during the 4th quarter worth $24,841,000. Finally, Baader Bank Aktiengesellschaft grew its holdings in Booking by 35.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

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

Booking Trading Up 1.0 %

Shares of Booking stock traded up $38.66 during trading on Friday, hitting $3,791.34. 119,283 shares of the stock were exchanged, compared to its average volume of 265,232. The stock has a market capitalization of $128.64 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The company has a fifty day moving average price of $3,597.08 and a 200-day moving average price of $3,490.14. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $8.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.92%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. UBS Group lifted their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Erste Group Bank reissued a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Finally, Bank of America lifted their price target 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. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $3,876.96.

Booking Company Profile

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.