Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Country Club Bank

Country Club Bank lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161 shares of the business services provider’s stock after selling 5 shares during the quarter. Country Club Bank’s holdings in Booking were worth $646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its stake in Booking by 4.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after acquiring an additional 3 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Booking by 1.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 3 shares during the last quarter. Van Leeuwen & Company LLC boosted its position in shares of Booking by 0.6% in the 4th quarter. Van Leeuwen & Company LLC now owns 487 shares of the business services provider’s stock valued at $1,727,000 after purchasing an additional 3 shares during the period. Enterprise Financial Services Corp increased its holdings in shares of Booking by 2.8% in the 4th quarter. Enterprise Financial Services Corp now owns 110 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 3 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in Booking by 0.8% during the 4th quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock worth $1,270,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Argus boosted their target price on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. HSBC increased their price target on shares of Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Tigress Financial boosted their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, DA Davidson reduced their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,068.32.

Booking Price Performance

Shares of NASDAQ:BKNG traded up $62.09 during midday trading on Thursday, reaching $3,634.67. The company had a trading volume of 190,731 shares, compared to its average volume of 260,347. The stock has a market capitalization of $123.32 billion, a P/E ratio of 27.11, a PEG ratio of 1.05 and a beta of 1.38. The stock’s fifty day moving average price is $3,817.57 and its 200-day moving average price is $3,686.28. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $37.62 earnings per share. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 177.09 earnings per share for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.96%. Booking’s payout ratio is currently 26.25%.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’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 directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.