Aspiriant LLC Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Aspiriant LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 62 shares of the business services provider’s stock, valued at approximately $220,000.

Other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its stake in shares of Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after buying an additional 3 shares during the last quarter. Howard Financial Services LTD. lifted its stake in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after buying an additional 3 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after buying an additional 3 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Booking by 0.6% during the 2nd quarter. Raymond James Trust N.A. now owns 691 shares of the business services provider’s stock worth $1,866,000 after buying an additional 4 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its stake in shares of Booking by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 487 shares of the business services provider’s stock worth $1,502,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 1.4 %

NASDAQ BKNG opened at $3,637.87 on Friday. The company has a market cap of $124.31 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The firm’s 50-day simple moving average is $3,598.51 and its two-hundred day simple moving average is $3,351.31.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the firm posted $24.74 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s payout ratio is currently 29.67%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3,493.71, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total transaction of $2,620,282.50. Following the completion of the transaction, the chief executive officer now owns 34,888 shares in the company, valued at approximately $121,888,554.48. The disclosure for this sale can be found here. Insiders have sold 6,467 shares of company stock worth $22,299,114 over the last ninety days. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. Barclays lowered their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. UBS Group raised their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Oppenheimer raised their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Mizuho raised their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

View Our Latest Stock Report on Booking

About Booking

(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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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