WP Advisors LLC Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

WP Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674 shares of the business services provider’s stock after selling 3 shares during the quarter. Booking makes up approximately 0.9% of WP Advisors LLC’s portfolio, making the stock its 27th biggest position. WP Advisors LLC’s holdings in Booking were worth $2,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Activest Wealth Management purchased a new stake in shares of Booking during the fourth quarter worth approximately $25,000. Naples Money Management LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. B. Riley initiated coverage on Booking in a report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a report on Thursday. Edward Jones reaffirmed a “hold” rating on shares of Booking in a report on Friday, February 16th. BMO Capital Markets initiated coverage on Booking in a report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price objective on the stock. Finally, Barclays dropped their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Check Out Our Latest Analysis on Booking

Booking Trading Down 0.4 %

NASDAQ BKNG opened at $3,414.82 on Friday. The business’s 50-day moving average price is $3,571.22 and its 200 day moving average price is $3,369.43. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The company has a market capitalization of $116.68 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last released its 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 firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $24.74 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.02%. Booking’s dividend payout ratio (DPR) is 29.67%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value 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 document filed with the SEC, which is accessible through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated 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 in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock worth $18,815,825 in the last three months. 0.15% of the stock is currently owned by company insiders.

Booking Company 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

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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