Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Sanders Capital LLC

Sanders Capital LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,172 shares of the business services provider’s stock after buying an additional 9,419 shares during the quarter. Booking accounts for approximately 1.8% of Sanders Capital LLC’s portfolio, making the stock its 22nd largest holding. Sanders Capital LLC’s holdings in Booking were worth $976,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management acquired a new position in Booking during the fourth quarter worth about $25,000. Naples Money Management LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $28,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKNG. BMO Capital Markets reiterated an “outperform” rating and issued a $4,205.00 price target (up from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Evercore ISI upped their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Erste Group Bank reissued a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of 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 analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,876.96.

View Our Latest Analysis on BKNG

Booking Stock Up 0.5 %

Shares of Booking stock traded up $20.33 during trading hours on Thursday, hitting $3,754.62. The company’s stock had a trading volume of 201,402 shares, compared to its average volume of 263,964. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The business has a fifty day moving average of $3,620.39 and a 200 day moving average of $3,514.74. The company has a market capitalization of $127.39 billion, a PE ratio of 27.91, a P/E/G ratio of 1.13 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data 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 company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the business earned $11.60 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s payout ratio is 26.25%.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 4,233 shares of the company’s stock, valued at $14,752,005. The disclosure for this sale can be found here. In the last three months, insiders sold 5,651 shares of company stock valued at $19,485,975. Corporate insiders own 0.12% of the company’s stock.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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