Evergreen Wealth Management LLC Purchases 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Evergreen Wealth Management LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 268 shares of the business services provider’s stock after acquiring an additional 9 shares during the period. Evergreen Wealth Management LLC’s holdings in Booking were worth $950,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of Booking by 2,479.0% in the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after acquiring an additional 112,249 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the fourth quarter valued at about $3,774,850,000. Royal London Asset Management Ltd. grew its stake in shares of Booking by 139.8% during the third quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock valued at $201,166,000 after buying an additional 37,994 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Booking by 41.8% during the third quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock valued at $317,313,000 after buying an additional 30,015 shares during the last quarter. Finally, Rathbones Group PLC increased its holdings in shares of Booking by 161.5% in the third 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. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 3.0 %

Booking stock traded up $104.47 during trading hours on Friday, hitting $3,577.38. The stock had a trading volume of 534,715 shares, compared to its average volume of 200,734. The stock’s 50-day moving average price is $3,524.43 and its 200-day moving average price is $3,406.68. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The stock has a market capitalization of $121.70 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm posted $11.60 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, research analysts expect that Booking Holdings Inc. will post 176.46 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 26.25%.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent analyst reports. Evercore ISI raised their target price on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada boosted their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Edward Jones reiterated a “hold” rating on shares of Booking in a report on Friday, February 16th. JMP Securities boosted their price target on 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, DA Davidson upped their price target on Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,823.00.

Insider Buying and Selling at Booking

In other news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booking news, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $14,752,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the business’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 owns 289 shares of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,483 shares of company stock worth $18,891,445. Company insiders own 0.15% of the company’s stock.

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.