Los Angeles Capital Management LLC Has $307.35 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Los Angeles Capital Management LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,645 shares of the business services provider’s stock after selling 1,079 shares during the quarter. Booking accounts for about 1.1% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Los Angeles Capital Management LLC owned about 0.25% of Booking worth $307,349,000 at the end of the most recent quarter.

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

Booking Trading Up 0.1 %

Booking stock traded up $4.27 during midday trading on Thursday, reaching $3,419.91. The stock had a trading volume of 201,081 shares, compared to its average volume of 263,216. The company has a fifty day moving average price of $3,531.58 and a two-hundred day moving average price of $3,395.06. The company has a market capitalization of $116.35 billion, a P/E ratio of 28.95, a PEG ratio of 1.05 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.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion for 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%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $24.74 earnings per share. On average, equities research analysts predict that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were 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 owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value 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 $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were 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 owns 33,548 shares of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,461 shares of company stock worth $18,815,825. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. Erste Group Bank restated a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Royal Bank of Canada raised 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. Oppenheimer increased their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. Finally, StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,723.41.

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.