Greenleaf Trust Sells 334 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Greenleaf Trust lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,778 shares of the business services provider’s stock after selling 334 shares during the quarter. Greenleaf Trust’s holdings in Booking were worth $20,496,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Booking in the 4th quarter valued at about $25,000. Naples Money Management LLC purchased a new position in shares of Booking in the 4th quarter worth approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Booking in the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Booking in the 4th quarter worth approximately $28,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG traded down $15.32 during trading hours on Friday, hitting $3,414.82. The stock had a trading volume of 218,773 shares, compared to its average volume of 273,283. The firm has a 50-day moving average price of $3,578.09 and a 200 day moving average price of $3,364.71. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The firm has a market capitalization of $116.69 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share 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 analysts’ expectations 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 for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $24.74 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insiders Place Their Bets

In other Booking news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now owns 233 shares of the company’s stock, valued at $815,101.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction on 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 directly owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,461 shares of company stock worth $18,815,825. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BKNG shares. Ascendiant Capital Markets lifted their price objective 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. Barclays cut their price objective on shares of 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. Evercore ISI dropped their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. The Goldman Sachs Group boosted their target price on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, Mizuho boosted their target price on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,723.41.

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.