Pinnacle Wealth Management Advisory Group LLC Acquires 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Pinnacle Wealth Management Advisory Group LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143 shares of the business services provider’s stock after buying an additional 10 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Booking were worth $507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Townsend & Associates Inc boosted its position in Booking by 73.7% during the fourth quarter. Townsend & Associates Inc now owns 3,739 shares of the business services provider’s stock worth $13,074,000 after purchasing an additional 1,587 shares during the period. National Pension Service lifted its stake in shares of Booking by 2.7% during the 4th quarter. National Pension Service now owns 72,336 shares of the business services provider’s stock worth $256,592,000 after buying an additional 1,889 shares during the last quarter. EdgeRock Capital LLC bought a new stake in shares of Booking during the 4th quarter worth about $68,000. Everpar Advisors LLC bought a new stake in shares of Booking during the 4th quarter worth about $504,000. Finally, Gryphon Financial Partners LLC grew its stake in Booking by 45.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 151 shares of the business services provider’s stock valued at $536,000 after buying an additional 47 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BKNG shares. Wells Fargo & Company boosted their price objective on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Barclays decreased their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. UBS Group lifted their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. The Goldman Sachs Group raised their price target on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, DA Davidson boosted their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Ten investment 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 data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $3,844.48.

Booking Price Performance

BKNG stock traded up $54.59 during midday trading on Wednesday, reaching $3,660.00. 273,215 shares of the stock were exchanged, compared to its average volume of 270,288. 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 fifty day moving average price of $3,528.95 and a 200 day moving average price of $3,418.38. The stock has a market capitalization of $124.18 billion, a PE ratio of 27.45, a P/E/G ratio of 1.08 and a beta of 1.40.

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

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.96%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now directly owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the transaction, the insider now 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 through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders have sold a total of 5,424 shares of company stock valued at $18,673,145 over the last 90 days. 0.12% of the stock is owned by 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.