Wynn Capital LLC Invests $560,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Wynn Capital LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 158 shares of the business services provider’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Pacer Advisors Inc. grew its position in shares of Booking by 2,479.0% during the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after buying an additional 112,249 shares during the period. International Assets Investment Management LLC bought a new position in Booking in the fourth quarter valued at about $3,774,850,000. Royal London Asset Management Ltd. grew its holdings in shares of Booking by 139.8% during the third quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock worth $201,166,000 after purchasing an additional 37,994 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Booking by 41.8% in the third quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after acquiring an additional 30,015 shares during the period. Finally, Rathbones Group PLC increased its holdings in shares of Booking by 161.5% during the third quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock valued at $120,937,000 after acquiring an additional 24,219 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BKNG shares. Edward Jones reaffirmed a “hold” rating on shares of Booking in a report on Friday, February 16th. Barclays decreased their target price on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Susquehanna upped their target price on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Oppenheimer upped their target price on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. Insiders sold a total of 5,461 shares of company stock worth $18,815,825 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Booking Trading Down 0.5 %

Booking stock traded down $16.47 during mid-day trading on Wednesday, hitting $3,517.52. The stock had a trading volume of 155,523 shares, compared to its average volume of 269,409. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The stock has a 50-day simple moving average of $3,560.40 and a two-hundred day simple moving average of $3,378.24. The stock has a market capitalization of $120.19 billion, a PE ratio of 29.96, a P/E/G ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released 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 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 the consensus estimate of $4.71 billion. During the same period in the previous year, the company posted $24.74 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Booking Holdings Inc. will post 175.86 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Booking 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.