Booking Holdings Inc. (NASDAQ:BKNG) CFO Sells $1,330,252.00 in Stock

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) CFO David I. Goulden sold 550 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $2,418.64, for a total transaction of $1,330,252.00. Following the sale, the chief financial officer now directly owns 16,154 shares of the company’s stock, valued at $39,070,710.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Booking Stock Performance

Shares of Booking stock opened at $2,440.85 on Friday. The firm has a market cap of $91.90 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31. The firm’s 50-day simple moving average is $2,432.29 and its 200-day simple moving average is $2,081.93. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.86 and a current ratio of 1.86. Booking Holdings Inc. has a 1 year low of $1,616.85 and a 1 year high of $2,630.00.

Booking (NASDAQ:BKNG – Get Rating) last issued its earnings results on Thursday, February 23rd. The business services provider reported $24.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.97 by $3.77. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.90 billion. Booking had a net margin of 17.89% and a return on equity of 107.86%. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $15.83 EPS. Equities analysts forecast that Booking Holdings Inc. will post 127.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BKNG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Booking from $2,370.00 to $2,910.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Bank of America boosted their price objective on shares of Booking from $2,700.00 to $2,850.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. Mizuho boosted their price objective on shares of Booking from $2,170.00 to $2,670.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Wells Fargo & Company upped their price target on shares of Booking from $2,050.00 to $2,400.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $2,750.00 price target on shares of Booking in a research report on Tuesday, March 14th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,675.16.

Institutional Investors Weigh In On Booking

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in Booking by 9.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,402,114 shares of the business services provider’s stock worth $2,825,652,000 after acquiring an additional 119,153 shares during the period. Schroder Investment Management Group raised its stake in Booking by 0.7% during the fourth quarter. Schroder Investment Management Group now owns 544,169 shares of the business services provider’s stock worth $1,096,653,000 after acquiring an additional 3,699 shares during the period. Norges Bank acquired a new stake in Booking during the fourth quarter worth about $1,068,137,000. AKO Capital LLP raised its stake in Booking by 1.5% during the fourth quarter. AKO Capital LLP now owns 372,287 shares of the business services provider’s stock worth $750,263,000 after acquiring an additional 5,403 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its stake in Booking by 1.0% during the second quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 315,767 shares of the business services provider’s stock worth $552,273,000 after acquiring an additional 3,104 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

About Booking

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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.