Azzad Asset Management Inc. ADV Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Azzad Asset Management Inc. ADV lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682 shares of the business services provider’s stock after selling 4 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Booking were worth $2,703,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Booking in the fourth quarter worth $3,774,850,000. Kovack Advisors Inc. purchased a new stake in Booking during the 4th quarter worth about $290,000. Precision Wealth Strategies LLC boosted its stake in Booking by 1.7% in the 4th quarter. Precision Wealth Strategies LLC now owns 303 shares of the business services provider’s stock worth $1,075,000 after purchasing an additional 5 shares during the period. Transcend Capital Advisors LLC purchased a new position in Booking during the 4th quarter valued at about $220,000. Finally, Legacy Capital Wealth Partners LLC increased its position in shares of Booking by 7.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 82 shares of the business services provider’s stock valued at $291,000 after buying an additional 6 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 750 shares of Booking 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 sale, 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 SEC, which is accessible through this hyperlink. In other news, 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 value of $3,050,737.50. Following the sale, 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 link. Also, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BKNG shares. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research report on Monday, August 5th. DA Davidson reduced their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. HSBC upped their price target on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. BMO Capital Markets restated an “outperform” rating and set a $4,205.00 target price (up from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. Finally, Barclays decreased their target price on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,068.32.

Booking Stock Up 0.5 %

Shares of NASDAQ:BKNG traded up $18.42 during midday trading on Friday, hitting $3,909.23. 239,634 shares of the stock traded hands, compared to its average volume of 257,304. The stock has a market capitalization of $132.63 billion, a PE ratio of 29.32, a P/E/G ratio of 1.10 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 business’s 50 day moving average is $3,793.56 and its two-hundred day moving average is $3,696.44.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the business posted $37.62 EPS. The business’s revenue was up 7.3% on a year-over-year basis. 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. Stockholders of record on Friday, September 6th will be given a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.90%. Booking’s dividend 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.