Marcum Wealth LLC Sells 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Marcum Wealth LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75 shares of the business services provider’s stock after selling 9 shares during the quarter. Marcum Wealth LLC’s holdings in Booking were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in Booking by 3.7% in the second quarter. Geode Capital Management LLC now owns 788,587 shares of the business services provider’s stock worth $2,124,887,000 after purchasing an additional 28,310 shares in the last quarter. Norges Bank bought a new stake in Booking in the fourth quarter worth approximately $1,068,137,000. Northern Trust Corp increased its holdings in Booking by 1.3% in the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock worth $1,184,224,000 after purchasing an additional 5,040 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its holdings in Booking by 2.9% in the second quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 314,655 shares of the business services provider’s stock worth $849,672,000 after purchasing an additional 8,896 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Booking by 61.6% in the fourth quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock worth $596,303,000 after purchasing an additional 112,831 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was 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 in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders have sold 6,467 shares of company stock worth $22,299,114 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Booking Stock Performance

NASDAQ:BKNG opened at $3,505.98 on Wednesday. Booking Holdings Inc. has a 52-week low of $2,438.13 and a 52-week high of $3,918.00. The firm has a market cap of $119.80 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.05 and a beta of 1.40. The business’s fifty day moving average is $3,569.36 and its 200 day moving average is $3,296.75.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the company posted $24.74 EPS. The firm’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 175.43 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. Booking’s dividend payout ratio is currently 29.67%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Edward Jones restated a “hold” rating on shares of Booking in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Oppenheimer boosted their price objective on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, The Goldman Sachs Group boosted their price objective on Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,697.38.

Read Our Latest Research Report on BKNG

Booking Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.