Summit Trail Advisors LLC Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Summit Trail Advisors LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480 shares of the business services provider’s stock after selling 25 shares during the quarter. Summit Trail Advisors LLC’s holdings in Booking were worth $1,703,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKNG. Activest Wealth Management acquired a new position in Booking during the fourth quarter worth $25,000. Naples Money Management LLC purchased a new position in shares of Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $28,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now directly owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on 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 directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold 5,483 shares of company stock valued at $18,891,445 in the last ninety days. Insiders own 0.12% of the company’s stock.

Booking Stock Up 0.6 %

NASDAQ BKNG traded up $21.03 on Monday, hitting $3,598.41. 349,955 shares of the stock were exchanged, compared to its average volume of 270,303. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The company has a 50-day moving average price of $3,524.43 and a 200-day moving average price of $3,406.68. The company has a market cap of $122.09 billion, a PE ratio of 26.58, a PEG ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $11.60 earnings per share. As a group, equities research analysts predict that Booking Holdings Inc. will post 176.46 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, March 7th. Booking’s payout ratio is 26.25%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Mizuho lifted their price target 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. UBS Group increased their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. JMP Securities reissued a “market outperform” rating and set a $3,950.00 target price on shares of Booking in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,823.00.

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.