Insider Selling: Booking Holdings Inc. (NASDAQ:BKNG) Director Sells $75,619.50 in Stock

Booking Holdings Inc. (NASDAQ:BKNG) Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at approximately $649,640.25. The transaction was disclosed in a filing with the SEC, which is available at this link.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Monday, April 15th, Radakovich Lynn Vojvodich sold 22 shares of Booking stock. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54.
• On Friday, March 15th, Radakovich Lynn Vojvodich sold 28 shares of Booking stock. The stock was sold at an average price of $3,498.29, for a total value of $97,952.12.
• On Wednesday, February 7th, Radakovich Lynn Vojvodich sold 59 shares of Booking stock. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00.

Booking Stock Up 3.0 %

Shares of Booking stock opened at $3,577.38 on Monday. The firm has a market cap of $121.70 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.08 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The business has a 50-day moving average price of $3,524.43 and a 200 day moving average price of $3,406.68.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $11.60 earnings per share. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 176.46 earnings per share for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKNG. Wedbush reissued an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research report on Tuesday, April 30th. Barclays cut their target price on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. UBS Group lifted their target price on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Benchmark reissued a “hold” rating on shares of Booking in a report on Friday. Finally, Bank of America raised their price target on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,823.00.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its holdings in Booking by 9.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 895 shares of the business services provider’s stock worth $3,247,000 after buying an additional 74 shares in the last quarter. Team Hewins LLC lifted its position in Booking by 1.7% in the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock worth $660,000 after purchasing an additional 3 shares during the period. Csenge Advisory Group lifted its position in Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock worth $243,000 after purchasing an additional 3 shares during the period. Signaturefd LLC lifted its position in Booking by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the business services provider’s stock worth $980,000 after purchasing an additional 52 shares during the period. Finally, Catalina Capital Group LLC acquired a new stake in Booking in the first quarter worth approximately $486,000. 92.42% of the stock is owned by institutional investors.

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.