24 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24 shares of the business services provider’s stock, valued at approximately $87,000.

A number of other hedge funds have also made changes to their positions in BKNG. Atlantic Union Bankshares Corp grew its position in Booking by 9.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 2,002 shares of the business services provider’s stock worth $7,263,000 after acquiring an additional 167 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Booking in the first quarter valued at about $87,000. Cypress Wealth Services LLC lifted its position in Booking by 5.4% during the 1st quarter. Cypress Wealth Services LLC now owns 118 shares of the business services provider’s stock worth $428,000 after buying an additional 6 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Booking by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,025 shares of the business services provider’s stock valued at $21,859,000 after acquiring an additional 255 shares in the last quarter. Finally, Investment Partners Asset Management Inc. acquired a new stake in shares of Booking in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $3,961.50 on Friday. Booking Holdings Inc. has a 52 week low of $2,624.50 and a 52 week high of $4,040.00. The company has a market capitalization of $134.41 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.20 and a beta of 1.40. The company has a 50-day simple moving average of $3,759.73 and a 200 day simple moving average of $3,623.63.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $11.60 EPS. Sell-side analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $8.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.88%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a report on Tuesday, April 30th. BMO Capital Markets restated an “outperform” rating and issued a $4,205.00 price target (up from $4,150.00) on shares of Booking in a report on Friday, May 3rd. HSBC increased their price objective on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Bank of America boosted their target price on Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company raised their price target on shares of Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3,902.54.

About Booking

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.