Booking Holdings Inc. (NASDAQ:BKNG) CEO Sells $2,650,575.00 in Stock

Booking Holdings Inc. (NASDAQ:BKNG) CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Booking Trading Down 0.4 %

Shares of BKNG opened at $3,414.82 on Friday. The stock has a market capitalization of $116.69 billion, a PE ratio of 28.95, a P/E/G ratio of 1.05 and a beta of 1.40. The firm’s 50 day moving average is $3,571.22 and its 200-day moving average is $3,366.94. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates 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 was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $24.74 EPS. Equities research analysts predict that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 1.02%. Booking’s dividend payout ratio is 29.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on BKNG shares. Mizuho lifted their target price on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Evercore ISI dropped their price objective 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. JPMorgan Chase & Co. increased their price objective on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada increased their price target on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Hedge Funds Weigh In On Booking

Several hedge funds have recently bought and sold shares of BKNG. Howard Financial Services LTD. boosted its position in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after acquiring an additional 3 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Booking by 0.4% in the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock valued at $2,710,000 after purchasing an additional 3 shares in the last quarter. Rockland Trust Co. increased its stake in shares of Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 3 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Booking by 4.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after buying an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its position in shares of Booking by 1.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

About Booking

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.