Perigon Wealth Management LLC Has $532,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Perigon Wealth Management LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150 shares of the business services provider’s stock after purchasing an additional 19 shares during the quarter. Perigon Wealth Management LLC’s holdings in Booking were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Norges Bank acquired a new stake in shares of Booking during the 4th quarter valued at $1,068,137,000. Northern Trust Corp boosted its stake in shares of Booking by 1.3% during 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. boosted its position in Booking by 61.6% during the 4th quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock worth $596,303,000 after buying an additional 112,831 shares during the period. Charles Schwab Investment Management Inc. increased its position in Booking by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 217,517 shares of the business services provider’s stock valued at $510,828,000 after acquiring an additional 5,506 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd increased its position in Booking by 2.8% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 149,902 shares of the business services provider’s stock valued at $462,290,000 after acquiring an additional 4,048 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now owns 233 shares in the company, valued at approximately $815,101.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the sale, the director now directly owns 233 shares of the company’s stock, valued at $815,101.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,689 shares of company stock valued at $16,086,423. Company insiders own 0.15% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $3,485.63 on Tuesday. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The firm has a 50-day moving average price of $3,595.13 and a two-hundred day moving average price of $3,360.99. The firm has a market cap of $119.10 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion during 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 revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $24.74 earnings per share. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 175.86 earnings per share for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BKNG shares. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. BMO Capital Markets started coverage on Booking in a research report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Ascendiant Capital Markets raised their price target on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Oppenheimer upped their price objective on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,723.41.

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.