Lindbrook Capital LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Lindbrook Capital LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 39.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34 shares of the business services provider’s stock after selling 22 shares during the period. Lindbrook Capital LLC’s holdings in Booking were worth $121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management purchased a new position in Booking during the fourth quarter valued at $25,000. Naples Money Management LLC purchased a new position in Booking during the fourth quarter valued at $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the fourth quarter valued at $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in Booking during the fourth quarter valued at $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in Booking during the fourth quarter valued at $28,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares of the company’s stock, valued at $14,752,005. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the transaction, the director now owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 300 shares of Booking stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,461 shares of company stock valued at $18,815,825. 0.15% of the stock is currently owned by company insiders.

Booking Stock Performance

NASDAQ BKNG opened at $3,533.99 on Wednesday. The firm has a 50 day simple moving average of $3,560.40 and a 200-day simple moving average of $3,378.24. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00. The firm has a market cap of $120.76 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the firm posted $24.74 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BKNG shares. Evercore ISI reduced their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Tigress Financial increased their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 28th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group increased their target price on shares of Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given 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.

Booking 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.