Trust Point Inc. Invests $1.69 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Trust Point Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 476 shares of the business services provider’s stock, valued at approximately $1,688,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Booking during the 4th quarter worth approximately $1,068,137,000. Northern Trust Corp boosted its holdings in shares of Booking by 1.3% during the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock worth $1,184,224,000 after purchasing an additional 5,040 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in Booking by 2.9% in the second quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 314,655 shares of the business services provider’s stock valued at $849,672,000 after acquiring an additional 8,896 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Booking by 61.6% in the fourth quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock valued at $596,303,000 after acquiring an additional 112,831 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Booking by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 217,517 shares of the business services provider’s stock valued at $510,828,000 after purchasing an additional 5,506 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research analyst reports. Evercore ISI lowered their price objective on Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush restated an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Erste Group Bank restated a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company reduced their price objective on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Read Our Latest Stock Report on Booking

Booking Stock Performance

BKNG traded up $60.45 during trading on Wednesday, reaching $3,626.54. 85,292 shares of the company’s stock were exchanged, compared to its average volume of 283,104. The company’s fifty day moving average price is $3,589.15 and its 200-day moving average price is $3,330.03. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The firm has a market capitalization of $123.92 billion, a PE ratio of 30.23, a P/E/G ratio of 1.09 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results 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. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the business earned $24.74 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. Research analysts forecast that Booking Holdings Inc. will post 175.46 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is 29.67%.

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3,493.71, for a total value of $2,620,282.50. Following the sale, the chief executive officer now directly owns 34,888 shares of the company’s stock, valued at approximately $121,888,554.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, CFO David I. Goulden sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the transaction, the chief financial officer now owns 10,204 shares in the company, valued at approximately $35,657,571.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,493.71, for a total transaction of $2,620,282.50. Following the sale, the chief executive officer now directly owns 34,888 shares of the company’s stock, valued at approximately $121,888,554.48. The disclosure for this sale can be found here. Insiders sold 6,467 shares of company stock valued at $22,299,114 in the last quarter. Company insiders own 0.15% of the company’s stock.

Booking Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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