CFO4Life Group LLC Sells 12 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CFO4Life Group LLC decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the business services provider’s stock after selling 12 shares during the period. CFO4Life Group LLC’s holdings in Booking were worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BKNG. Norges Bank bought a new stake in Booking during the fourth quarter worth about $1,742,160,000. Fisher Asset Management LLC lifted its holdings in shares of Booking by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after purchasing an additional 15,381 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Booking by 3.5% during the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after buying an additional 9,419 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after buying an additional 43,743 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Booking by 22.1% in the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock worth $584,492,000 after acquiring an additional 28,904 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

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

Booking Price Performance

BKNG stock traded up $102.64 during trading on Friday, hitting $4,039.05. 88,301 shares of the company traded hands, compared to its average volume of 249,669. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,045.04. The stock’s 50-day simple moving average is $3,840.94 and its 200 day simple moving average is $3,652.78. The company has a market cap of $137.04 billion, a PE ratio of 29.81, a P/E/G ratio of 1.19 and a beta of 1.38.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.87%. Booking’s dividend payout ratio (DPR) is 26.25%.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. DA Davidson boosted their price target on Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley upped their price target on shares of Booking from $4,400.00 to $4,900.00 and gave the stock a “buy” rating in a report on Friday. Benchmark raised shares of Booking from a “hold” rating to a “buy” rating and set a $4,700.00 price target for the company in a research note on Friday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Eight analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,980.15.

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.