Lmcg Investments LLC Has $7.93 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Lmcg Investments LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,236 shares of the business services provider’s stock after acquiring an additional 8 shares during the quarter. Lmcg Investments LLC’s holdings in Booking were worth $7,932,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management bought a new stake in Booking in the fourth quarter valued at about $25,000. Naples Money Management LLC bought a new stake in shares of Booking in the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new position in Booking during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction on Friday, March 8th. The shares were 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 directly owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold 5,651 shares of company stock valued at $19,485,975 in the last quarter. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BKNG shares. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Mizuho boosted their target price on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Bank of America raised their price target on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. DA Davidson lifted their price objective on Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $4,205.00 target price (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,876.96.

Get Our Latest Stock Report on BKNG

Booking Trading Up 0.5 %

Shares of Booking stock traded up $19.68 during trading on Wednesday, hitting $3,792.53. 192,411 shares of the stock were exchanged, compared to its average volume of 270,398. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The stock has a market capitalization of $128.68 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The company has a fifty day moving average price of $3,557.10 and a 200-day moving average price of $3,452.23.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the business earned $11.60 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. Equities research analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

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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