Procyon Advisors LLC Has $896,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Procyon Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253 shares of the business services provider’s stock after acquiring an additional 21 shares during the period. Procyon Advisors LLC’s holdings in Booking were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFG Advisory LLC boosted its position in Booking by 30.0% in the fourth quarter. IFG Advisory LLC now owns 1,567 shares of the business services provider’s stock valued at $5,558,000 after buying an additional 362 shares in the last quarter. Columbia Trust Co 01012016 boosted its position in Booking by 6.0% in the fourth quarter. Columbia Trust Co 01012016 now owns 142 shares of the business services provider’s stock valued at $504,000 after buying an additional 8 shares in the last quarter. Trust Co of the South acquired a new stake in Booking in the fourth quarter valued at approximately $504,000. Atticus Wealth Management LLC boosted its position in Booking by 1,000.0% in the fourth quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider’s stock valued at $39,000 after buying an additional 10 shares in the last quarter. Finally, Red Door Wealth Management LLC acquired a new stake in Booking in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $1.65 during midday trading on Thursday, reaching $3,675.15. 29,492 shares of the company’s stock traded hands, compared to its average volume of 283,546. The company has a fifty day simple moving average of $3,580.50 and a two-hundred day simple moving average of $3,314.29. The company has a market cap of $125.58 billion, a P/E ratio of 31.14, a PEG ratio of 1.11 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $24.74 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 175.46 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 7th. Booking’s payout ratio is presently 29.67%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho lifted their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Wells Fargo & Company cut their price target on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. BMO Capital Markets initiated coverage on shares of Booking in a report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Edward Jones restated a “hold” rating on shares of Booking in a report on Friday, February 16th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,697.38.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total value of $2,620,282.50. Following the completion of the sale, the chief executive officer now directly owns 34,888 shares of the company’s stock, valued at $121,888,554.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total transaction of $2,620,282.50. Following the completion of the sale, the chief executive officer now owns 34,888 shares in the company, valued at $121,888,554.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred 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 owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,467 shares of company stock valued at $22,299,114. 0.15% of the stock is currently owned by corporate insiders.

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.