PFG Investments LLC Trims Position in Booking Holdings Inc. (NASDAQ:BKNG)

PFG Investments LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 125 shares of the business services provider’s stock after selling 4 shares during the period. PFG Investments LLC’s holdings in Booking were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Booking by 8.8% in the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Booking by 0.6% in 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 buying an additional 25 shares in the last quarter. Advisor Resource Council boosted its stake in shares of Booking by 382.4% in the fourth quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock valued at $1,266,000 after buying an additional 283 shares in the last quarter. NatWest Group plc boosted its stake in shares of Booking by 10.2% in the fourth quarter. NatWest Group plc now owns 3,415 shares of the business services provider’s stock valued at $12,114,000 after buying an additional 315 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Booking by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,535 shares of the business services provider’s stock valued at $40,917,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the completion of the sale, the director now owns 348 shares of the company’s stock, valued at $1,217,234.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the completion of the sale, the director now owns 348 shares of the company’s stock, valued at $1,217,234.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,467 shares of company stock valued at $22,299,114. Company insiders own 0.15% of the company’s stock.

Booking Trading Up 0.3 %

Booking stock opened at $3,673.50 on Thursday. The firm has a market capitalization of $125.52 billion, a P/E ratio of 31.14, a PEG ratio of 1.11 and a beta of 1.40. The stock has a fifty day moving average price of $3,580.50 and a 200 day moving average price of $3,314.29. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating the consensus estimate of $29.72 by $2.28. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $24.74 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 175.46 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of analyst reports. Edward Jones restated a “hold” rating on shares of Booking in a research note on Friday, February 16th. UBS Group lifted their price target on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Finally, Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,697.38.

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.