Geneva Partners LLC Purchases New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Geneva Partners LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,173 shares of the business services provider’s stock, valued at approximately $4,161,000. Booking accounts for approximately 2.3% of Geneva Partners LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management acquired a new stake in Booking during the 4th quarter worth $25,000. Naples Money Management LLC acquired a new stake in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in Booking during the 4th quarter worth $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Paulo Pisano sold 300 shares of the company’s 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 transaction, the insider now owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now owns 289 shares in the company, valued at approximately $1,069,300. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,461 shares of company stock valued at $18,815,825. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. B. Riley assumed coverage on shares of Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price target for the company. Barclays decreased their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. JMP Securities boosted their price target on shares of Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Finally, Susquehanna boosted their price target on shares of Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Price Performance

NASDAQ:BKNG traded down $15.32 on Friday, hitting $3,414.82. 218,773 shares of the company’s stock were exchanged, compared to its average volume of 273,283. The firm has a 50-day moving average price of $3,571.22 and a 200-day moving average price of $3,366.94. 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 cap of $116.69 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. Booking’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $24.74 EPS. On average, research analysts expect that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.02%. Booking’s payout ratio is 29.67%.

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.