Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82 shares of the business services provider’s stock after acquiring an additional 6 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Booking were worth $291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management acquired a new position in shares of Booking during the fourth quarter worth about $25,000. Naples Money Management LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $25,000. Valued Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in Booking during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now owns 289 shares in the company, valued at $1,069,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares in the company, valued at approximately $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,461 shares of company stock valued at $18,815,825. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BKNG shares. Susquehanna upped their price objective on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research report on Monday, February 26th. Royal Bank of Canada lifted their price objective on Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Evercore ISI dropped their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. The Goldman Sachs Group raised their target price on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, Wells Fargo & Company lowered their target price on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Booking Trading Down 0.2 %

BKNG stock opened at $3,514.80 on Tuesday. The company has a market capitalization of $119.57 billion, a P/E ratio of 29.79, a PEG ratio of 1.07 and a beta of 1.40. The firm has a 50 day simple moving average of $3,543.07 and a 200-day simple moving average of $3,391.38. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping the consensus estimate of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the firm earned $24.74 EPS. The company’s revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that Booking Holdings Inc. will post 176.1 EPS for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.00%. Booking’s dividend payout ratio (DPR) is 29.67%.

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.