Consolidated Portfolio Review Corp Invests $298,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Consolidated Portfolio Review Corp bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 84 shares of the business services provider’s stock, valued at approximately $298,000.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Booking during the 4th quarter worth approximately $1,068,137,000. Northern Trust Corp grew its position in Booking by 1.3% in the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock valued at $1,184,224,000 after purchasing an additional 5,040 shares in the last quarter. Alliancebernstein L.P. increased its stake in Booking by 61.6% in the 4th quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock valued at $596,303,000 after buying an additional 112,831 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Booking by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 217,517 shares of the business services provider’s stock worth $510,828,000 after buying an additional 5,506 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Booking by 2.8% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 149,902 shares of the business services provider’s stock worth $462,290,000 after buying an additional 4,048 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, CFO David I. Goulden sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total value of $3,494,470.00. Following the sale, the chief financial officer now owns 10,204 shares in the company, valued at $35,657,571.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO David I. Goulden sold 1,000 shares of Booking stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the sale, the chief financial officer now directly owns 10,204 shares of the company’s stock, valued at $35,657,571.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total transaction of $2,620,282.50. Following the sale, the chief executive officer now owns 34,888 shares in the company, valued at $121,888,554.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,467 shares of company stock valued at $22,299,114. 0.15% of the stock is owned by insiders.

Booking Stock Down 2.9 %

BKNG opened at $3,531.80 on Monday. The stock has a market capitalization of $120.68 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The company has a 50-day simple moving average of $3,597.92 and a 200 day simple moving average of $3,358.31.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The firm 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%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $24.74 EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Ascendiant Capital Markets upped their target price on Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Barclays cut their price objective 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. Evercore ISI lowered their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Finally, Tigress Financial boosted their price objective on shares of Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 28th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Company 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.