Intellectus Partners LLC Sells 66 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Intellectus Partners LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 31.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 147 shares of the business services provider’s stock after selling 66 shares during the quarter. Intellectus Partners LLC’s holdings in Booking were worth $521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. LPL Financial LLC grew its holdings 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 worth $47,188,000 after purchasing an additional 1,236 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Booking by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Booking by 3.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after buying an additional 470 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Booking during the 4th quarter valued at $24,841,000. Finally, Advisor Resource Council lifted its holdings in shares of Booking by 382.4% during the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock worth $1,266,000 after acquiring an additional 283 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKNG. JMP Securities upped their price objective on Booking from $3,600.00 to $3,950.00 and gave the stock a “market outperform” rating in a report on Monday, February 26th. UBS Group lifted 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 note on Monday, February 5th. Mizuho upped their price objective on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. BMO Capital Markets assumed coverage on shares of Booking in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target for the company. Finally, Edward Jones reaffirmed a “hold” rating on shares of Booking in a research note on Friday, February 16th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock valued at $18,815,825 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Booking Stock Up 0.5 %

Shares of BKNG stock opened at $3,521.08 on Monday. The business’s fifty day moving average is $3,547.11 and its 200 day moving average is $3,388.10. The stock has a market cap of $119.79 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share 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 earned $24.74 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.99%. Booking’s payout ratio is 29.67%.

Booking Company Profile

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.