IFG Advisory LLC Buys 362 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

IFG Advisory LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 30.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,567 shares of the business services provider’s stock after purchasing an additional 362 shares during the quarter. IFG Advisory LLC’s holdings in Booking were worth $5,558,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at $28,000. KB Financial Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at $34,000. Atticus Wealth Management LLC boosted its holdings in shares of Booking by 1,000.0% during the 4th quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider’s stock valued at $39,000 after buying an additional 10 shares in the last quarter. Sutton Wealth Advisors Inc. boosted its holdings in shares of Booking by 44.4% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider’s stock valued at $40,000 after buying an additional 4 shares in the last quarter. Finally, Brown Shipley& Co Ltd boosted its stake in Booking by 41.7% in the 2nd quarter. Brown Shipley& Co Ltd now owns 17 shares of the business services provider’s stock worth $46,000 after purchasing an additional 5 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,673.50 on Thursday. The company has a market cap of $125.52 billion, a PE ratio of 31.14, a P/E/G ratio of 1.11 and a beta of 1.40. The business has a 50-day simple moving average of $3,580.50 and a two-hundred day simple moving average of $3,314.29. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping the consensus estimate of $29.72 by $2.28. The business 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%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $24.74 earnings per share. On average, sell-side analysts predict that Booking Holdings Inc. will post 175.46 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 7th. Booking’s payout ratio is 29.67%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total value of $2,620,282.50. Following the completion of the transaction, the chief executive officer now directly owns 34,888 shares in the company, valued at $121,888,554.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, 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 completion of the transaction, the chief executive officer now directly owns 34,888 shares in the company, valued at $121,888,554.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David I. Goulden sold 1,000 shares of the business’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 completion of the sale, the chief financial officer now owns 10,204 shares of the company’s stock, valued at $35,657,571.88. The disclosure for this sale can be found here. Insiders sold a total of 6,467 shares of company stock worth $22,299,114 over the last three months. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKNG. Evercore ISI dropped their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. The Goldman Sachs Group upped their price target on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Mizuho boosted their target price on Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,697.38.

Booking 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.