SageView Advisory Group LLC Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

SageView Advisory Group LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 36.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141 shares of the business services provider’s stock after selling 80 shares during the period. SageView Advisory Group LLC’s holdings in Booking were worth $512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Naples Money Management LLC bought a new position in Booking in the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Booking during the fourth quarter valued at about $28,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 189 shares in the company, valued at $649,640.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Booking news, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of Booking 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 $649,640.25. The disclosure for this sale can be found here. Insiders sold a total of 999 shares of company stock worth $3,939,187 in the last three months. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a report on Tuesday, April 30th. Tigress Financial raised their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. B. Riley upped their price target on Booking from $4,400.00 to $4,900.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,980.15.

Booking Price Performance

Booking stock traded down $59.08 during midday trading on Thursday, reaching $3,930.56. 189,722 shares of the company traded hands, compared to its average volume of 248,297. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32. The business has a 50 day moving average of $3,876.58 and a two-hundred day moving average of $3,667.75. The firm has a market capitalization of $133.36 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.38.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion during 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%. The company’s quarterly revenue 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. As a group, equities analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

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

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.