Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by MV Capital Management Inc.

MV Capital Management Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59 shares of the business services provider’s stock after acquiring an additional 11 shares during the period. MV Capital Management Inc.’s holdings in Booking were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management bought a new position in Booking during the 4th quarter worth $25,000. Naples Money Management LLC bought a new position in Booking during the 4th quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth $28,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Booking stock traded up $31.33 during mid-day trading on Tuesday, hitting $3,916.21. The company’s stock had a trading volume of 181,604 shares, compared to its average volume of 254,946. The firm’s 50 day moving average is $3,768.17 and its 200 day moving average is $3,629.72. The company has a market cap of $132.88 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is currently 26.25%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating and set a $4,205.00 price objective (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Benchmark reissued a “hold” rating on shares of Booking in a research note on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research note on Monday, May 6th. Wedbush reissued an “outperform” rating and issued a $3,850.00 price target on shares of Booking in a research note on Tuesday, April 30th. Finally, StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s 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.

Insiders Place Their Bets

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares of the company’s stock, valued at approximately $649,640.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at approximately $649,640.25. 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. 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.