Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Mather Group LLC.

Mather Group LLC. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161 shares of the business services provider’s stock after selling 3 shares during the quarter. Mather Group LLC.’s holdings in Booking were worth $571,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Activest Wealth Management acquired a new position in Booking in the 4th quarter worth $25,000. Naples Money Management LLC purchased a new stake in Booking during the 4th quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in shares of Booking in the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $3,972.08 on Friday. Booking Holdings Inc. has a 1-year low of $2,605.00 and a 1-year high of $4,004.40. The company has a market capitalization of $134.77 billion, a P/E ratio of 29.79, a PEG ratio of 1.19 and a beta of 1.40. The business’s fifty day moving average price is $3,696.46 and its two-hundred day moving average price is $3,591.37.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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 business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.60 earnings per share. On average, research analysts expect that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid 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 0.88%. Booking’s dividend payout ratio is presently 26.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BKNG. Wedbush reiterated an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Susquehanna lifted their price target 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. Royal Bank of Canada upped their price objective on Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Benchmark restated a “hold” rating on shares of Booking in a research note on Friday, May 3rd. Finally, Bank of America boosted their target price on shares of Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $3,902.54.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares of the company’s stock, valued at approximately $649,640.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold 1,021 shares of company stock worth $3,617,852 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Booking 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.