Register Financial Advisors LLC Invests $87,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Register Financial Advisors LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24 shares of the business services provider’s stock, valued at approximately $87,000.

A number of other hedge funds have also made changes to their positions in the stock. Activest Wealth Management acquired a new position in shares of Booking during the 4th quarter valued at $25,000. Naples Money Management LLC acquired a new position in Booking during the fourth quarter worth about $25,000. ICA Group Wealth Management LLC bought a new stake in Booking in the fourth quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG traded down $47.90 on Friday, hitting $3,961.50. The company had a trading volume of 321,240 shares, compared to its average volume of 255,729. Booking Holdings Inc. has a 1-year low of $2,624.50 and a 1-year high of $4,040.00. The company’s fifty day moving average price is $3,759.73 and its 200 day moving average price is $3,623.63. The stock has a market cap of $134.41 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company earned $11.60 earnings per share. Booking’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, sell-side analysts forecast 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 will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s dividend payout ratio is currently 26.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BKNG. JPMorgan Chase & Co. increased 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 note on Friday, May 3rd. B. Riley initiated coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. HSBC upped their target price on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Wells Fargo & Company increased their price target on Booking from $3,435.00 to $3,494.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 227 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at approximately $649,640.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,021 shares of company stock worth $3,617,852. Company insiders own 0.12% of the company’s stock.

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.