Naviter Wealth LLC Purchases 97 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Naviter Wealth LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.9% during the first quarter, Holdings Channel.com reports. The fund owned 353 shares of the business services provider’s stock after buying an additional 97 shares during the period. Naviter Wealth LLC’s holdings in Booking were worth $1,281,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BKNG. Norges Bank purchased a new stake in shares of Booking in the fourth quarter worth about $1,742,160,000. Pacer Advisors Inc. grew its holdings in shares of Booking by 2,479.0% in the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after purchasing an additional 112,249 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Booking in the first quarter worth $401,371,000. International Assets Investment Management LLC purchased a new stake in Booking during the fourth quarter valued at $3,774,850,000. Finally, BlueSpruce Investments LP bought a new position in Booking during the fourth quarter valued at $220,080,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is currently owned by insiders.

Booking Stock Up 0.8 %

Shares of NASDAQ:BKNG opened at $3,916.21 on Wednesday. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00. The business has a fifty day moving average of $3,768.17 and a two-hundred day moving average of $3,629.72. The stock has a market cap of $132.88 billion, a P/E ratio of 29.37, a PEG ratio of 1.18 and a beta of 1.38.

Booking (NASDAQ:BKNG) last posted its earnings results 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 company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. Booking’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $11.60 EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Analysts Set New Price Targets

BKNG has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company lifted their price objective 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. B. Riley began coverage on shares of Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price target for the company. Benchmark reaffirmed a “hold” rating on shares of Booking in a research note on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.