Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,965 shares of the business services provider’s stock after selling 376 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Booking were worth $31,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Pacer Advisors Inc. raised its holdings in Booking by 2,479.0% during the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after buying an additional 112,249 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Booking during the fourth quarter valued at approximately $3,774,850,000. Royal London Asset Management Ltd. lifted its position in shares of Booking by 139.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock valued at $201,166,000 after acquiring an additional 37,994 shares in the last quarter. Nordea Investment Management AB boosted its stake in Booking by 41.8% in 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 grew its position in Booking by 161.5% during the 3rd quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock worth $120,937,000 after purchasing an additional 24,219 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the sale, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the 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 of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. Insiders have sold 5,483 shares of company stock valued at $18,891,445 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Booking Stock Performance

Shares of BKNG traded up $7.00 during mid-day trading on Tuesday, hitting $3,605.41. The company’s stock had a trading volume of 266,281 shares, compared to its average volume of 270,239. The stock’s 50-day moving average is $3,528.95 and its two-hundred day moving average is $3,418.38. The firm has a market capitalization of $122.33 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the firm posted $11.60 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 176.46 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKNG. Benchmark reaffirmed a “hold” rating on shares of Booking in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $4,205.00 target price (up previously from $4,150.00) on shares of Booking in a research note on Friday. Erste Group Bank reissued a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Bank of America raised their price target on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,844.48.

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.