ProVise Management Group LLC Has $10.48 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

ProVise Management Group LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,955 shares of the business services provider’s stock after purchasing an additional 105 shares during the period. ProVise Management Group LLC’s holdings in Booking were worth $10,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BKNG. Larson Financial Group LLC lifted its stake in shares of Booking by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 33 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 32 shares during the period. Corient Private Wealth LLC grew its stake in shares of Booking by 0.4% during the third quarter. Corient Private Wealth LLC now owns 10,714 shares of the business services provider’s stock worth $33,041,000 after buying an additional 45 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Booking by 0.7% during the third quarter. Pinnacle Financial Partners Inc now owns 2,796 shares of the business services provider’s stock worth $8,623,000 after buying an additional 19 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Booking in the third quarter worth $225,000. Finally, Kavar Capital Partners Group LLC bought a new stake in shares of Booking in the third quarter worth $200,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $42.67 during trading hours on Friday, hitting $3,795.35. 151,754 shares of the stock were exchanged, compared to its average volume of 265,662. The company has a market cap of $128.78 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The company’s fifty day simple moving average is $3,597.08 and its two-hundred day simple moving average is $3,490.14. 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 posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.60 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.92%. Booking’s dividend payout ratio (DPR) is 26.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Erste Group Bank reiterated a “hold” rating on shares of Booking in a report on Wednesday, March 13th. DA Davidson lifted their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Benchmark restated a “hold” rating on shares of Booking in a research report on Friday, May 3rd. B. Riley started coverage on shares of Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Finally, UBS Group upped their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Ten equities 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,876.96.

Insider Transactions at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 4,233 shares of the company’s stock, valued at $14,752,005. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,651 shares of company stock valued at $19,485,975. 0.12% of the stock is currently owned by corporate insiders.

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.