Park Edge Advisors LLC Raises Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Park Edge Advisors LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 248 shares of the business services provider’s stock after acquiring an additional 7 shares during the period. Park Edge Advisors LLC’s holdings in Booking were worth $900,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Activest Wealth Management acquired a new stake in shares of Booking during the fourth quarter worth about $25,000. Naples Money Management LLC acquired a new stake in shares of Booking during the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Booking during the fourth quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth about $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.0 %

NASDAQ:BKNG traded up $0.68 during mid-day trading on Thursday, reaching $3,916.89. 79,413 shares of the stock were exchanged, compared to its average volume of 196,260. The company has a 50 day simple moving average of $3,783.80 and a 200-day simple moving average of $3,634.79. The stock has a market capitalization of $132.90 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $2,624.50 and a 1 year high of $4,040.00.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period last year, the business posted $11.60 EPS. The company’s revenue was up 16.9% on a year-over-year basis. As a group, research analysts predict 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 was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.89%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. HSBC lifted their target price on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price target on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Wedbush reissued an “outperform” rating and issued a $3,850.00 price target on shares of Booking in a report on Tuesday, April 30th. Finally, Wells Fargo & Company boosted their price target on Booking from $3,435.00 to $3,494.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,902.54.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at approximately $649,640.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paulo Pisano sold 227 shares of the firm’s 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 value of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’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 directly owns 189 shares of the company’s stock, valued at $649,640.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,021 shares of company stock worth $3,617,852. 0.12% of the stock is currently owned by 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.