Field & Main Bank Sells 17 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Field & Main Bank lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214 shares of the business services provider’s stock after selling 17 shares during the quarter. Field & Main Bank’s holdings in Booking were worth $759,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Booking by 2,479.0% in the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after acquiring an additional 112,249 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $3,774,850,000. Royal London Asset Management Ltd. grew its stake in Booking by 139.8% in the third quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock worth $201,166,000 after purchasing an additional 37,994 shares in the last quarter. Nordea Investment Management AB increased its holdings in Booking by 41.8% during the 3rd quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after purchasing an additional 30,015 shares during the period. Finally, Rathbones Group PLC lifted its holdings in shares of Booking by 161.5% in the 3rd quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock worth $120,937,000 after buying an additional 24,219 shares during the period. Hedge funds and other institutional investors 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Booking news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now owns 4,233 shares of the company’s stock, valued at $14,752,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction 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 approximately $1,069,300. 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.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research reports. Mizuho lifted their price objective 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. Oppenheimer raised their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Wells Fargo & Company decreased their target price on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. B. Riley assumed coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price target on the stock. Finally, Susquehanna boosted their target price on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. Seven equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Trading Down 0.2 %

BKNG traded down $6.28 during trading on Monday, hitting $3,514.80. The company’s stock had a trading volume of 146,474 shares, compared to its average volume of 264,851. The business’s fifty day simple moving average is $3,543.07 and its 200 day simple moving average is $3,391.38. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The firm has a market capitalization of $119.57 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $24.74 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 176.1 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. 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 dividend on an annualized basis and a dividend yield of 1.00%. Booking’s payout ratio is currently 29.67%.

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.