Deltec Asset Management LLC Sells 380 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Deltec Asset Management LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 50.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 370 shares of the business services provider’s stock after selling 380 shares during the quarter. Deltec Asset Management LLC’s holdings in Booking were worth $1,342,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BKNG. Activest Wealth Management purchased a new position in shares of Booking during the fourth quarter valued at $25,000. Naples Money Management LLC acquired a new stake in shares of Booking in the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking during the fourth quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new position in Booking during the 4th quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Booking in the 4th quarter worth $28,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. B. Riley began coverage on shares of 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 reiterated an “outperform” rating and issued a $4,205.00 price target (up previously from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Wedbush reiterated an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a report on Tuesday, April 30th. Finally, DA Davidson lifted their price target on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

Booking Stock Down 1.2 %

Shares of BKNG traded down $47.90 during mid-day trading on Friday, reaching $3,961.50. 321,265 shares of the stock traded hands, compared to its average volume of 196,108. The firm has a market cap of $134.41 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.18 and a beta of 1.40. The stock has a fifty day simple moving average of $3,759.73 and a 200 day simple moving average of $3,626.59. Booking Holdings Inc. has a 12-month low of $2,624.50 and a 12-month high of $4,040.00.

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

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.88%. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now owns 189 shares in the company, valued at $649,640.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Booking news, insider Paulo Pisano sold 227 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now owns 189 shares of the company’s stock, valued at $649,640.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock valued at $3,617,852 in the last three months. Corporate insiders own 0.12% of the company’s stock.

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.