AdvisorShares Investments LLC Has $195,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

AdvisorShares Investments LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 36.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55 shares of the business services provider’s stock after selling 31 shares during the period. AdvisorShares Investments LLC’s holdings in Booking were worth $195,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Oppenheimer & Co. Inc. raised its stake in Booking by 78.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 252 shares of the business services provider’s stock worth $777,000 after buying an additional 111 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Booking by 10.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 845 shares of the business services provider’s stock valued at $2,606,000 after purchasing an additional 82 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Booking by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 13,438 shares of the business services provider’s stock valued at $41,269,000 after purchasing an additional 956 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Booking in the 3rd quarter valued at approximately $611,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Booking by 11.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,177 shares of the business services provider’s stock valued at $22,134,000 after purchasing an additional 736 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the 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 completion of the transaction, 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 is available through the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a filing 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 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 of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. Insiders have sold 5,351 shares of company stock valued at $18,440,475 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Booking Price Performance

NASDAQ:BKNG traded up $11.75 during trading hours on Friday, hitting $3,813.09. The company’s stock had a trading volume of 161,377 shares, compared to its average volume of 200,532. The stock has a fifty day simple moving average of $3,641.60 and a 200-day simple moving average of $3,543.90. The company has a market capitalization of $129.38 billion, a P/E ratio of 28.60, a PEG ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,579.36 and a twelve month high of $3,918.00.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The business 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 revenue was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $11.60 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, June 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Benchmark reiterated a “hold” rating on shares of Booking in a research report on Friday, May 3rd. HSBC boosted their price objective on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, DA Davidson upped their price target 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. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

Read Our Latest Analysis on Booking

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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