Addenda Capital Inc. Sells 167 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Addenda Capital Inc. lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,126 shares of the business services provider’s stock after selling 167 shares during the period. Addenda Capital Inc.’s holdings in Booking were worth $11,341,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Howard Financial Services LTD. boosted its stake in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after acquiring an additional 3 shares during the last quarter. Diversified Trust Co grew its position in Booking by 0.4% in the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares in the last quarter. Rockland Trust Co. raised its holdings in Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after buying an additional 3 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Booking by 4.5% in 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 during the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Booking by 1.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock traded down $47.90 on Friday, hitting $3,961.50. The stock had a trading volume of 321,240 shares, compared to its average volume of 255,729. The company’s 50 day moving average price is $3,759.73 and its 200-day moving average price is $3,623.63. Booking Holdings Inc. has a 1 year low of $2,624.50 and a 1 year high of $4,040.00. The firm has a market capitalization of $134.41 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.19 and a beta of 1.40.

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

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 yield of 0.88%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. B. Riley began coverage on Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and issued a $4,205.00 target price (up previously from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. DA Davidson raised their target price on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. HSBC raised their price objective on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,902.54.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders sold 1,021 shares of company stock valued at $3,617,852 in the last three months. 0.12% of the stock is owned by corporate insiders.

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.