Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 18.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,390 shares of the business services provider’s stock after selling 1,244 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Booking were worth $19,120,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BKNG. Activest Wealth Management acquired a new stake in shares of Booking in the 4th quarter worth $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new stake in Booking in the 4th quarter valued at about $28,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Booking during the 4th quarter worth about $32,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now directly owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now directly owns 211 shares of the company’s stock, valued at approximately $756,027.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 in the last 90 days. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BKNG shares. Oppenheimer lifted their price target on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Friday, February 23rd. Tigress Financial boosted their target price on Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 28th. BMO Capital Markets initiated coverage on Booking in a report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target for the company. Finally, Evercore ISI dropped their target price on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Price Performance

BKNG stock traded down $23.86 during mid-day trading on Wednesday, reaching $3,443.91. The company had a trading volume of 155,281 shares, compared to its average volume of 274,998. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The company has a market capitalization of $117.68 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.06 and a beta of 1.40. The stock has a 50 day simple moving average of $3,591.59 and a two-hundred day simple moving average of $3,363.69.

Booking (NASDAQ:BKNG) last released 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. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm posted $24.74 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given 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 1.02%. Booking’s dividend payout ratio is currently 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.