M3 Advisory Group LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

M3 Advisory Group LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 113 shares of the business services provider’s stock, valued at approximately $401,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Booking during the 4th quarter worth approximately $1,742,160,000. Northern Trust Corp increased its position in Booking by 1.3% during the 3rd quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock worth $1,184,224,000 after purchasing an additional 5,040 shares in the last quarter. Fisher Asset Management LLC increased its position in Booking by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock worth $1,336,362,000 after purchasing an additional 15,381 shares in the last quarter. Sanders Capital LLC increased its position in Booking by 3.5% during the 4th quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock worth $976,096,000 after purchasing an additional 9,419 shares in the last quarter. Finally, Lone Pine Capital LLC increased its position in Booking by 2.0% during the 4th quarter. Lone Pine Capital LLC now owns 152,501 shares of the business services provider’s stock worth $540,955,000 after purchasing an additional 3,052 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Bank of America upped their price target on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their price target on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $3,902.54.

View Our Latest Report on BKNG

Booking Price Performance

Shares of BKNG stock traded up $93.97 on Monday, hitting $3,953.07. 180,098 shares of the stock traded hands, compared to its average volume of 257,274. The company has a market capitalization of $134.13 billion, a PE ratio of 29.65, a PEG ratio of 1.15 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $2,605.00 and a 1-year high of $3,957.98. The company’s fifty day moving average is $3,674.20 and its 200 day moving average is $3,580.27.

Booking (NASDAQ:BKNGGet Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company earned $11.60 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Insiders Place Their Bets

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 value of $2,650,575.00. Following the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the transaction, the director now directly owns 189 shares of the company’s stock, valued at $649,640.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold 1,021 shares of company stock valued at $3,617,852 over the last three months. Company insiders own 0.12% of the company’s stock.

About Booking

(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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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