Everence Capital Management Inc. Has $3.41 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Everence Capital Management Inc. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 960 shares of the business services provider’s stock after selling 180 shares during the quarter. Everence Capital Management Inc.’s holdings in Booking were worth $3,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Activest Wealth Management acquired a new position in shares of Booking in the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new position in shares of Booking in the 4th quarter valued at about $28,000. Finally, Arlington Trust Co LLC acquired a new position in shares of Booking in the 4th quarter valued at about $32,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the sale, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,689 shares of company stock worth $16,086,423. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Oppenheimer boosted their price objective on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Evercore ISI dropped their price target on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Wells Fargo & Company dropped their price target on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their price target on Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Stock Down 0.5 %

Booking stock traded down $17.86 during trading on Tuesday, hitting $3,467.77. The stock had a trading volume of 210,584 shares, compared to its average volume of 276,908. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The stock’s 50 day moving average is $3,595.13 and its two-hundred day moving average is $3,360.99. The stock has a market cap of $118.49 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating the consensus estimate of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the business earned $24.74 earnings per share. Booking’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 1.01%. Booking’s payout ratio is 29.67%.

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.