Moreno Evelyn V Has $3.81 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Moreno Evelyn V trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 65.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,075 shares of the business services provider’s stock after selling 2,037 shares during the period. Booking makes up approximately 1.8% of Moreno Evelyn V’s investment portfolio, making the stock its 10th largest position. Moreno Evelyn V’s holdings in Booking were worth $3,813,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of Booking by 8.8% in the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in shares of Booking by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after purchasing an additional 25 shares during the period. Crestwood Advisors Group LLC raised its position in shares of Booking by 3.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after purchasing an additional 470 shares during the period. Boston Trust Walden Corp acquired a new stake in shares of Booking during the fourth quarter worth $24,841,000. Finally, Baader Bank Aktiengesellschaft raised its position in shares of Booking by 35.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after purchasing an additional 497 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In related 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 sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,651 shares of company stock valued at $19,485,975. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Down 1.1 %

Booking stock traded down $41.12 during trading hours on Thursday, hitting $3,783.98. The stock had a trading volume of 92,586 shares, compared to its average volume of 265,429. The company has a 50-day moving average of $3,592.26 and a two-hundred day moving average of $3,488.31. The company has a market cap of $128.39 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.60 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $8.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.92%. Booking’s payout ratio is presently 26.25%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. HSBC upped their price target on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Evercore ISI upped their price target on Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays dropped their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Finally, Erste Group Bank reissued a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,876.96.

Booking 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.