Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38 shares of the business services provider’s stock after selling 18 shares during the period. Kapitalo Investimentos Ltda’s holdings in Booking were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Howard Financial Services LTD. lifted 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 valued at $458,000 after acquiring an additional 3 shares during the period. Diversified Trust Co lifted its position in shares of Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock valued at $2,710,000 after acquiring an additional 3 shares during the period. Rockland Trust Co. lifted its position in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 3 shares during the period. Parkside Financial Bank & Trust lifted its position 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 valued at $245,000 after acquiring an additional 3 shares during the period. Finally, Silver Oak Securities Incorporated raised 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 purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s 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 directly owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. In the last three months, insiders sold 1,021 shares of company stock valued at $3,617,852. Company insiders own 0.12% of the company’s stock.

Booking Stock Up 0.5 %

Shares of NASDAQ BKNG opened at $3,973.18 on Thursday. Booking Holdings Inc. has a 52-week low of $2,605.00 and a 52-week high of $3,989.12. The firm has a fifty day moving average of $3,689.77 and a 200-day moving average of $3,588.71. The stock has a market capitalization of $134.81 billion, a PE ratio of 29.80, a P/E/G ratio of 1.19 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the company earned $11.60 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. Equities research analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.88%. Booking’s dividend payout ratio (DPR) is 26.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on BKNG shares. Bank of America lifted their price objective on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Evercore ISI lifted their price objective on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,902.54.

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.