Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 21.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,062 shares of the business services provider’s stock after acquiring an additional 367 shares during the quarter. Cwm LLC’s holdings in Booking were worth $7,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors 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 approximately $25,000. Naples Money Management LLC acquired a new position in Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC acquired a new position in Booking during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Booking during the fourth quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new position in Booking during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The stock was 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 in the company, valued at $756,027.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The stock was 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 in the company, valued at $756,027.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Tigress Financial boosted their target price on Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a report on Thursday, December 28th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company dropped their target price on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Finally, Barclays dropped their target price on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Seven equities research 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.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Stock Performance

BKNG opened at $3,463.00 on Tuesday. The business’s fifty day moving average is $3,564.68 and its two-hundred day moving average is $3,374.83. The company has a market cap of $118.33 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.04 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00.

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

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.01%. Booking’s dividend payout ratio is currently 29.67%.

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.