Accent Capital Management LLC Makes New $1.80 Million Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Accent Capital Management LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 507 shares of the business services provider’s stock, valued at approximately $1,798,000. Booking comprises about 1.4% of Accent Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Booking by 8.8% during the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after acquiring an additional 1,236 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Booking by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock valued at $13,539,000 after acquiring an additional 25 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Booking by 3.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after acquiring an additional 470 shares in the last quarter. Boston Trust Walden Corp bought a new stake in shares of Booking during the fourth quarter valued at approximately $24,841,000. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of Booking by 35.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock valued at $6,699,000 after acquiring an additional 497 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. Susquehanna boosted their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. HSBC boosted their price objective on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

View Our Latest Analysis on BKNG

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’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 completion of the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by insiders.

Booking Stock Up 2.4 %

Shares of BKNG traded up $93.97 during trading hours on Monday, reaching $3,953.07. 180,098 shares of the company traded hands, compared to its average volume of 257,274. Booking Holdings Inc. has a 12-month low of $2,605.00 and a 12-month high of $3,957.98. The stock has a market capitalization of $134.13 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.15 and a beta of 1.40. The business has a fifty day moving average price of $3,674.20 and a 200-day moving average price of $3,580.27.

Booking (NASDAQ:BKNGGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the company earned $11.60 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s payout ratio is 26.25%.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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