Norden Group LLC Cuts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Norden Group LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212 shares of the business services provider’s stock after selling 9 shares during the quarter. Norden Group LLC’s holdings in Booking were worth $752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management acquired a new stake in shares of Booking in the 4th quarter worth $25,000. Naples Money Management LLC acquired a new stake in shares of Booking in the 4th quarter worth $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter worth $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Booking in the 4th quarter worth $28,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now owns 289 shares in the company, valued at $1,069,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now owns 289 shares in the company, valued at $1,069,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were 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 approximately $14,752,005. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock worth $18,815,825 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Susquehanna lifted their price target on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. JMP Securities lifted their price target on Booking from $3,600.00 to $3,950.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. Barclays lowered their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Booking Trading Down 1.8 %

Shares of BKNG stock opened at $3,452.03 on Wednesday. The company has a market capitalization of $117.44 billion, a P/E ratio of 29.26, a P/E/G ratio of 1.07 and a beta of 1.40. The business’s 50 day moving average is $3,538.09 and its two-hundred day moving average is $3,394.91. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The company 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%. Booking’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $24.74 earnings per share. On average, research analysts predict that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $8.75 dividend. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.01%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

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.