Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Lessened by Syon Capital LLC

Syon Capital LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 238 shares of the business services provider’s stock after selling 6 shares during the period. Syon Capital LLC’s holdings in Booking were worth $844,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Meritage Portfolio Management lifted its position in shares of Booking by 7.8% in the 4th quarter. Meritage Portfolio Management now owns 4,974 shares of the business services provider’s stock worth $17,644,000 after buying an additional 359 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Booking by 51.4% in the 4th quarter. Pittenger & Anderson Inc. now owns 280 shares of the business services provider’s stock worth $993,000 after buying an additional 95 shares during the last quarter. Bailard Inc. lifted its position in shares of Booking by 4.3% in the 4th quarter. Bailard Inc. now owns 336 shares of the business services provider’s stock worth $1,192,000 after buying an additional 14 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Booking by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 858 shares of the business services provider’s stock worth $3,044,000 after buying an additional 29 shares during the last quarter. Finally, Wynn Capital LLC bought a new stake in Booking in the 4th quarter valued at about $560,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.5 %

Shares of Booking stock traded up $18.60 during trading on Friday, hitting $3,521.08. The stock had a trading volume of 138,811 shares, compared to its average volume of 266,242. The stock has a 50 day simple moving average of $3,551.02 and a 200 day simple moving average of $3,380.07. The company has a market capitalization of $119.79 billion, a PE ratio of 29.90, a P/E/G ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS 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 analysts’ expectations of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $24.74 earnings per share. As a group, equities analysts expect that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio is currently 29.67%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective 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. Evercore ISI cut their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Tigress Financial boosted their price target on shares of 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. Finally, Wells Fargo & Company dropped their price target on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 289 shares in the company, valued at $1,069,300. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of Booking 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 sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction that occurred on 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 sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is owned by company insiders.

About Booking

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.