Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the business services provider’s stock after selling 91 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Booking were worth $2,204,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Diversified Trust Co grew its position in Booking by 0.4% in the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after buying an additional 3 shares during the period. Rockland Trust Co. boosted its holdings in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after buying an additional 3 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Booking by 4.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after buying an additional 3 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Booking by 0.7% during the 3rd quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insiders Place Their Bets

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 value of $78,827.54. Following the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $78,827.54. Following the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock valued at $18,815,825 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on BKNG. Wells Fargo & Company decreased their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a report on Thursday, April 18th. Susquehanna upped their target price on shares of Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Barclays cut their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their target price on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Stock Up 2.0 %

NASDAQ:BKNG traded up $70.99 during mid-day trading on Tuesday, reaching $3,533.99. 151,805 shares of the company were exchanged, compared to its average volume of 270,866. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company has a fifty day moving average of $3,560.40 and a 200 day moving average of $3,378.24. The stock has a market cap of $120.76 billion, a PE ratio of 29.96, a PEG ratio of 1.04 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the firm earned $24.74 EPS. The company’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio is currently 29.67%.

Booking Company 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.