Jacobs & Co. CA Cuts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Jacobs & Co. CA reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,452 shares of the business services provider’s stock after selling 37 shares during the quarter. Jacobs & Co. CA’s holdings in Booking were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BKNG. Valued Wealth Advisors LLC purchased a new position in Booking in the fourth quarter valued at about $28,000. Atticus Wealth Management LLC increased its position in shares of Booking by 1,000.0% during the fourth quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider’s stock worth $39,000 after acquiring an additional 10 shares during the last quarter. Sutton Wealth Advisors Inc. increased its position in shares of Booking by 44.4% during the third quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider’s stock worth $40,000 after acquiring an additional 4 shares during the last quarter. KB Financial Partners LLC purchased a new stake in shares of Booking during the first quarter worth about $34,000. Finally, Janiczek Wealth Management LLC purchased a new stake in shares of Booking during the third quarter worth about $46,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $3,673.50 on Thursday. The stock has a market capitalization of $125.52 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.11 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The business’s fifty day moving average is $3,580.50 and its two-hundred day moving average is $3,314.29.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $29.72 by $2.28. The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $24.74 earnings per share. On average, research analysts forecast that Booking Holdings Inc. will post 175.46 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 7th. Booking’s payout ratio is 29.67%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3,493.71, for a total transaction of $2,620,282.50. Following the transaction, the chief executive officer now owns 34,888 shares in the company, valued at $121,888,554.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,467 shares of company stock worth $22,299,114. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on BKNG shares. JPMorgan Chase & Co. lifted their target price on Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. UBS Group lifted their price target on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Evercore ISI decreased their price target on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, Barclays decreased their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $3,697.38.

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.