OLD National Bancorp IN Sells 182 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

OLD National Bancorp IN cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 40.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265 shares of the business services provider’s stock after selling 182 shares during the quarter. OLD National Bancorp IN’s holdings in Booking were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BKNG. AE Wealth Management LLC lifted its holdings in Booking by 130.8% during the third quarter. AE Wealth Management LLC now owns 750 shares of the business services provider’s stock valued at $2,313,000 after purchasing an additional 425 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Booking during the third quarter valued at about $222,000. Flagship Harbor Advisors LLC lifted its holdings in Booking by 4.9% during the third quarter. Flagship Harbor Advisors LLC now owns 323 shares of the business services provider’s stock valued at $996,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank purchased a new stake in Booking during the third quarter valued at about $225,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Booking by 21.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 34 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $3,533.99 on Wednesday. Booking Holdings Inc. has a 52-week low of $2,456.93 and a 52-week high of $3,918.00. The stock has a market capitalization of $120.76 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.05 and a beta of 1.40. The company’s 50 day moving average price is $3,560.40 and its 200-day moving average price is $3,378.24.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the firm posted $24.74 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is currently 29.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BKNG shares. Wedbush reissued an “outperform” rating and issued a $3,850.00 price target on shares of Booking in a report on Thursday, April 18th. Ascendiant Capital Markets increased their price target on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Susquehanna increased their price target on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a report on Monday, February 26th. Tigress Financial increased their price target on shares of Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 28th. Finally, Erste Group Bank reissued a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Seven 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. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,461 shares of company stock valued at $18,815,825. 0.15% of the stock is currently owned by company insiders.

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.