Booking Holdings Inc. (NASDAQ:BKNG) CEO Glenn D. Fogel Sells 750 Shares

Booking Holdings Inc. (NASDAQ:BKNG) 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 transaction of $2,650,575.00. Following 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 filing with the SEC, which is available at this hyperlink.

Booking Price Performance

Shares of BKNG opened at $3,443.91 on Thursday. The firm has a market capitalization of $117.68 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company’s fifty day moving average price is $3,586.29 and its 200-day moving average price is $3,364.25. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating the consensus estimate of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the business earned $24.74 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is presently 29.67%.

Institutional Trading of Booking

Large investors have recently made changes to their positions in the business. Activest Wealth Management purchased a new stake in Booking in the fourth quarter valued at $25,000. Naples Money Management LLC purchased a new stake in shares of Booking in the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking during the fourth quarter worth about $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the fourth quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at approximately $28,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group lifted their target price on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Susquehanna upped their price target on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a report on Monday, February 26th. Wells Fargo & Company decreased their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Finally, Mizuho upped their target price on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

About Booking

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.