Booking Holdings Inc. (NASDAQ:BKNG) CEO Glenn D. Fogel Sells 750 Shares

Booking Holdings Inc. (NASDAQ:BKNG) 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 value of $2,650,575.00. Following the completion of the transaction, the chief executive officer now 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 is available through the SEC website.

Booking Price Performance

Shares of Booking stock opened at $3,414.82 on Friday. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The firm has a market cap of $116.69 billion, a PE ratio of 28.95, a PEG ratio of 1.05 and a beta of 1.40. The company has a 50 day simple moving average of $3,571.22 and a two-hundred day simple moving average of $3,366.94.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion during 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 firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $24.74 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 175.86 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.02%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Institutional Trading of Booking

Hedge funds have recently bought and sold shares of the company. Howard Financial Services LTD. raised its stake in shares of Booking by 2.4% during the fourth quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after acquiring an additional 3 shares in the last quarter. Diversified Trust Co grew its holdings 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 purchasing an additional 3 shares during the last quarter. Rockland Trust Co. raised its position in Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares during the period. Parkside Financial Bank & Trust lifted its stake in Booking by 4.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in Booking by 1.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after buying an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on shares of Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. B. Riley began coverage on shares of Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price target on the stock. JMP Securities increased their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Finally, Tigress Financial boosted their target price on Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 28th. Seven investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

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.