Bryn Mawr Capital Management LLC Has $3.37 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Bryn Mawr Capital Management LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 951 shares of the business services provider’s stock after selling 325 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Booking were worth $3,373,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in 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 purchasing an additional 112,249 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking during the 4th quarter worth $3,774,850,000. Royal London Asset Management Ltd. raised its position in Booking by 139.8% during the 3rd 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 raised its position in Booking by 41.8% during the 3rd quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after purchasing an additional 30,015 shares during the last quarter. Finally, Rathbones Group PLC raised its position in Booking by 161.5% during the 3rd quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock worth $120,937,000 after purchasing an additional 24,219 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BKNG shares. Barclays lowered their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Wells Fargo & Company lowered their price objective on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Finally, Tigress Financial boosted their target price on Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 28th. Seven equities 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, Booking presently has an average rating of “Moderate Buy” and an average target price of $3,723.41.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the sale, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,461 shares of company stock valued at $18,815,825. Company insiders own 0.15% of the company’s stock.

Booking Trading Up 0.5 %

Shares of BKNG stock traded up $18.60 during trading on Friday, hitting $3,521.08. The company’s stock had a trading volume of 146,017 shares, compared to its average volume of 266,331. The company has a market cap of $119.79 billion, a PE ratio of 29.85, a P/E/G ratio of 1.07 and a beta of 1.40. The business has a fifty day moving average of $3,547.11 and a 200-day moving average of $3,383.62. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

Booking (NASDAQ:BKNG) last released its 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. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. Booking’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $24.74 earnings per share. As a group, research analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Dividend Announcement

The company 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 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 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.