145 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by RFG Advisory LLC

RFG Advisory LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 145 shares of the business services provider’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after buying an additional 470 shares during the period. Boston Trust Walden Corp bought a new position in shares of Booking during the 4th quarter worth approximately $24,841,000. Baader Bank Aktiengesellschaft lifted its position in shares of Booking by 35.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after buying an additional 497 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Booking by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock worth $113,827,000 after buying an additional 729 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America lifted their price objective on Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Susquehanna lifted their price objective on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research report on Monday, February 26th. HSBC lifted their price objective on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. DA Davidson lifted their price objective on Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on Booking from $3,435.00 to $3,494.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Down 0.2 %

NASDAQ:BKNG opened at $3,981.20 on Tuesday. Booking Holdings Inc. has a 1 year low of $2,605.00 and a 1 year high of $4,018.09. The stock has a market cap of $135.08 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.19 and a beta of 1.40. The stock has a 50-day moving average price of $3,715.51 and a two-hundred day moving average price of $3,608.85.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the firm earned $11.60 earnings per share. The company’s revenue was up 16.9% on a year-over-year basis. Sell-side analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Announces Dividend

The company 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 $8.75 dividend. 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 (DPR) is 26.25%.

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.