Evermay Wealth Management LLC Has $221,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Evermay Wealth Management LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 64.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61 shares of the business services provider’s stock after purchasing an additional 24 shares during the period. Evermay Wealth Management LLC’s holdings in Booking were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

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

Booking Trading Down 3.8 %

Shares of Booking stock traded down $145.90 on Thursday, reaching $3,659.88. 482,466 shares of the company were exchanged, compared to its average volume of 249,556. The company has a market capitalization of $124.18 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32. The company has a 50-day moving average of $3,887.79 and a 200 day moving average of $3,683.44.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results 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 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%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.60 earnings per share. Analysts predict that Booking Holdings Inc. will post 178.55 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid 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 0.96%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Analysts Set New Price Targets

Several research firms have weighed in on BKNG. Benchmark upgraded shares of Booking from a “hold” rating to a “buy” rating and set a $4,700.00 target price on the stock in a report on Friday, July 12th. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a report on Tuesday, April 30th. B. Riley increased their price target on Booking from $4,400.00 to $4,900.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Oppenheimer lifted their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “outperform” rating in a report on Monday. Finally, Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,032.00.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Paulo Pisano sold 227 shares of the firm’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 completion of the sale, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 999 shares of company stock worth $3,939,187. Company insiders own 0.12% of the company’s stock.

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.