Trust Asset Management LLC Has $1.49 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Trust Asset Management LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421 shares of the business services provider’s stock after selling 36 shares during the period. Trust Asset Management LLC’s holdings in Booking were worth $1,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Booking by 8.8% in the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Booking by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after purchasing an additional 25 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Booking by 3.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after purchasing an additional 470 shares in the last quarter. Boston Trust Walden Corp acquired a new position in shares of Booking during the fourth quarter worth approximately $24,841,000. Finally, Advisor Resource Council lifted its position in shares of Booking by 382.4% during the fourth quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 283 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,461 shares of company stock worth $18,815,825. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BKNG shares. Ascendiant Capital Markets upped their target price on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. B. Riley assumed coverage on shares of Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Seven research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,723.41.

Booking Stock Performance

Booking stock traded down $15.04 during mid-day trading on Thursday, reaching $3,502.48. The company’s stock had a trading volume of 142,694 shares, compared to its average volume of 267,831. The company has a market capitalization of $119.68 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The business’s 50 day simple moving average is $3,551.02 and its 200 day simple moving average is $3,380.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $24.74 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend yield of 1.00%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is presently 29.67%.

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.