Insider Selling: Booking Holdings Inc. (NASDAQ:BKNG) Director Sells 22 Shares of Stock

Booking Holdings Inc. (NASDAQ:BKNG) Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Radakovich Lynn Vojvodich also recently made the following trade(s):

• On Friday, March 15th, Radakovich Lynn Vojvodich sold 28 shares of Booking stock. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12.
• On Wednesday, February 7th, Radakovich Lynn Vojvodich sold 59 shares of Booking stock. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00.

Booking Stock Performance

Shares of BKNG opened at $3,414.82 on Friday. The company has a market capitalization of $116.68 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.04 and a beta of 1.40. The company’s 50 day simple moving average is $3,571.22 and its 200 day simple moving average is $3,366.94. 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 announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $29.72 by $2.28. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $24.74 earnings per share. Equities analysts expect that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

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

Hedge Funds Weigh In On Booking

A number of large investors have recently bought and sold shares of BKNG. Activest Wealth Management purchased a new position in Booking during the fourth quarter worth approximately $25,000. Naples Money Management LLC purchased a new position in Booking during the fourth quarter worth approximately $25,000. ICA Group Wealth Management LLC purchased a new position in Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BKNG shares. 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 target on the stock. Mizuho upped their target price on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Oppenheimer upped their target price on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Wells Fargo & Company lowered their target price on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,723.41.

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.