Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Lowered by Salvus Wealth Management LLC

Salvus Wealth Management LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,372 shares of the business services provider’s stock after selling 72 shares during the period. Booking makes up approximately 3.5% of Salvus Wealth Management LLC’s holdings, making the stock its 6th largest holding. Salvus Wealth Management LLC’s holdings in Booking were worth $4,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after purchasing an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares during the last quarter. Procyon Advisors LLC acquired a new position in Booking during the 3rd quarter worth $715,000. Chase Investment Counsel Corp boosted its position in Booking by 1.7% during the 3rd quarter. Chase Investment Counsel Corp now owns 1,561 shares of the business services provider’s stock worth $4,814,000 after acquiring an additional 26 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in Booking during the 3rd quarter worth $4,228,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG traded down $97.58 during mid-day trading on Friday, reaching $3,413.98. The company had a trading volume of 771,102 shares, compared to its average volume of 293,694. Booking Holdings Inc. has a twelve month low of $2,392.81 and a twelve month high of $3,918.00. The company’s 50-day moving average is $3,569.26 and its 200-day moving average is $3,289.18. The company has a market capitalization of $116.66 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last issued its earnings results 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. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the firm posted $24.74 EPS. Booking’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Booking Holdings Inc. will post 175.05 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be issued a dividend of $8.75 per share. The ex-dividend date is Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.03%. Booking’s dividend payout ratio is 29.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Tigress Financial boosted their price target on Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 28th. Ascendiant Capital Markets upped their price target on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. UBS Group upped their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Six 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,697.38.

Check Out Our Latest Stock Analysis on BKNG

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the transaction, the director now directly owns 348 shares in the company, valued at approximately $1,217,234.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the transaction, the director now directly owns 348 shares in the company, valued at approximately $1,217,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was 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 in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold 2,137 shares of company stock valued at $7,476,491 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Booking 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.

Recommended Stories

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.