Corient Private Wealth LLC Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Corient Private Wealth LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,446 shares of the business services provider’s stock after selling 268 shares during the quarter. Corient Private Wealth LLC’s holdings in Booking were worth $37,053,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management purchased a new position in Booking in the fourth quarter worth $25,000. Naples Money Management LLC bought a new position in shares of Booking during the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Booking in the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in Booking in the fourth quarter worth approximately $28,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BKNG shares. Edward Jones reissued a “hold” rating on shares of Booking in a research note on Friday, February 16th. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research note on Monday, May 6th. Oppenheimer upped their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Bank of America lifted their price objective on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $3,876.96.

View Our Latest Stock Analysis on Booking

Booking Trading Up 0.1 %

Booking stock opened at $3,825.10 on Thursday. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The business’s fifty day simple moving average is $3,592.26 and its two-hundred day simple moving average is $3,488.31. The company has a market capitalization of $129.79 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company earned $11.60 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.92%. Booking’s dividend payout ratio is 26.25%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the sale, the director now owns 189 shares of the company’s stock, valued at $649,640.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,651 shares of company stock valued at $19,485,975. Corporate insiders own 0.12% of the company’s stock.

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

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNGFree Report).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.