Centurion Wealth Management LLC Acquires 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Centurion Wealth Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82 shares of the business services provider’s stock after purchasing an additional 5 shares during the period. Centurion Wealth Management LLC’s holdings in Booking were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BKNG. Howard Financial Services LTD. raised its position in shares of Booking by 2.4% in the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock valued at $458,000 after buying an additional 3 shares in the last quarter. Diversified Trust Co increased its position in Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 3 shares in the last quarter. Rockland Trust Co. increased its position in Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares in the last quarter. Chesley Taft & Associates LLC increased its position in Booking by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 487 shares of the business services provider’s stock worth $1,502,000 after purchasing an additional 4 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in Booking by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 300 shares of the stock in a transaction dated 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 sale, the insider now owns 4,233 shares in the company, valued at $14,752,005. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $3,493.71, for a total value of $2,620,282.50. Following the completion of the sale, the chief executive officer now owns 34,888 shares in the company, valued at $121,888,554.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paulo Pisano sold 300 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,467 shares of company stock worth $22,299,114. Insiders own 0.15% of the company’s stock.

Booking Stock Up 2.3 %

BKNG traded up $79.97 during trading on Friday, hitting $3,601.90. 253,069 shares of the company’s stock were exchanged, compared to its average volume of 271,383. The business’s 50 day moving average is $3,593.88 and its two-hundred day moving average is $3,336.55. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The stock has a market cap of $123.08 billion, a P/E ratio of 30.53, a PEG ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the company posted $24.74 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Booking Holdings Inc. will post 175.86 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 annualized dividend and a yield of 0.97%. Booking’s payout ratio is 29.67%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Royal Bank of Canada upped their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research report 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 company a “neutral” rating in a research report on Friday, January 19th. Ascendiant Capital Markets upped their price target on shares of Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Finally, Mizuho upped their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

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.