Cigna Investments Inc. New Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Cigna Investments Inc. New lowered its position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 380 shares of the business services provider’s stock after selling 18 shares during the quarter. Cigna Investments Inc. New’s holdings in Booking were worth $1,348,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management bought a new position in Booking in the 4th quarter worth about $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $28,000. KB Financial Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at about $34,000. Atticus Wealth Management LLC boosted its position in shares of Booking by 1,000.0% during the 4th quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 10 shares during the last quarter. Finally, Sutton Wealth Advisors Inc. boosted its position in shares of Booking by 44.4% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock traded down $37.02 during midday trading on Tuesday, hitting $3,531.85. The stock had a trading volume of 34,636 shares, compared to its average volume of 282,800. The firm has a market cap of $120.68 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The business has a 50-day moving average of $3,587.64 and a two-hundred day moving average of $3,327.17. Booking Holdings Inc. has a 52-week low of $2,456.93 and a 52-week high of $3,918.00.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping 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 for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $24.74 earnings per share. Research analysts predict that Booking Holdings Inc. will post 175.46 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 29.67%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Ascendiant Capital Markets lifted their price target on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a research report on Friday, December 29th. JPMorgan Chase & Co. lifted their price target on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research report on Friday, February 23rd. The Goldman Sachs Group boosted their target price on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, Evercore ISI dropped their target price on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3,697.38.

View Our Latest Research Report on Booking

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,467 shares of company stock valued at $22,299,114. 0.15% of the stock is currently owned by corporate insiders.

Booking Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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