Catalyst Financial Partners LLC Sells 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Catalyst Financial Partners LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149 shares of the business services provider’s stock after selling 3 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Booking were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BKNG. J.W. Cole Advisors Inc. acquired a new position in shares of Booking during the third quarter valued at $256,000. Lindbrook Capital LLC grew its position in shares of Booking by 16.7% during the 3rd quarter. Lindbrook Capital LLC now owns 56 shares of the business services provider’s stock worth $173,000 after buying an additional 8 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Booking by 157.1% during the third quarter. GPS Wealth Strategies Group LLC now owns 18 shares of the business services provider’s stock worth $56,000 after buying an additional 11 shares during the last quarter. Brighton Jones LLC lifted its holdings in Booking by 3.7% in the third quarter. Brighton Jones LLC now owns 196 shares of the business services provider’s stock valued at $605,000 after buying an additional 7 shares during the period. Finally, Waldron Private Wealth LLC grew its holdings in shares of Booking by 7.9% in the 3rd quarter. Waldron Private Wealth LLC now owns 437 shares of the business services provider’s stock valued at $1,347,000 after buying an additional 32 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. B. Riley started coverage on Booking in a report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price for the company. DA Davidson upped their price objective on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Oppenheimer lifted their target price on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,876.96.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s 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 sale, the chief executive officer now directly 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 can be accessed through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction dated 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 transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paulo Pisano sold 227 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold 5,651 shares of company stock valued at $19,485,975 over the last three months. 0.12% of the stock is owned by insiders.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $120.03 during midday trading on Thursday, reaching $3,780.03. The company’s stock had a trading volume of 437,013 shares, compared to its average volume of 272,135. The company has a market cap of $128.25 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.08 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The business’s 50 day moving average price is $3,532.23 and its two-hundred day moving average price is $3,420.07.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $11.60 EPS. Sell-side analysts forecast that Booking Holdings Inc. will post 176.46 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

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.