Webster Bank N. A. Buys 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Webster Bank N. A. raised its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79 shares of the business services provider’s stock after acquiring an additional 18 shares during the period. Webster Bank N. A.’s holdings in Booking were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of Booking by 8.8% in the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after buying an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake 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 purchasing an additional 25 shares during the period. Advisor Resource Council boosted its stake in shares of Booking by 382.4% during the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 283 shares during the period. NatWest Group plc boosted its stake in shares of Booking by 10.2% during the 4th quarter. NatWest Group plc now owns 3,415 shares of the business services provider’s stock worth $12,114,000 after purchasing an additional 315 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Booking by 2.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 11,535 shares of the business services provider’s stock worth $40,917,000 after purchasing an additional 323 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BKNG. BMO Capital Markets began coverage on shares of Booking in a research note on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Barclays lowered their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Mizuho boosted their price objective on shares of Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, UBS Group boosted their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

Read Our Latest Analysis on BKNG

Booking Price Performance

BKNG stock opened at $3,566.09 on Wednesday. The firm’s fifty day simple moving average is $3,589.15 and its 200-day simple moving average is $3,330.03. The company has a market capitalization of $121.85 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly 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. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the firm posted $24.74 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 175.46 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Insider Buying and Selling

In other Booking news, CFO David I. Goulden sold 1,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the transaction, the chief financial officer now directly owns 10,204 shares of the company’s stock, valued at $35,657,571.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $815,101.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David I. Goulden sold 1,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the transaction, the chief financial officer now directly owns 10,204 shares in the company, valued at $35,657,571.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,467 shares of company stock valued at $22,299,114. Corporate insiders own 0.15% of the company’s stock.

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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