Dock Street Asset Management Inc. Acquires 418 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dock Street Asset Management Inc. boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,023 shares of the business services provider’s stock after purchasing an additional 418 shares during the period. Booking comprises approximately 2.2% of Dock Street Asset Management Inc.’s portfolio, making the stock its 19th biggest holding. Dock Street Asset Management Inc.’s holdings in Booking were worth $14,270,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BKNG. Diversified Trust Co grew its stake in shares of Booking by 0.4% in the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 3 shares during the last quarter. Howard Financial Services LTD. grew its stake in shares of Booking by 2.4% in the fourth quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3 shares during the last quarter. Rockland Trust Co. grew its stake in shares of Booking by 3.5% in the fourth quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Booking by 0.6% in the second quarter. Raymond James Trust N.A. now owns 691 shares of the business services provider’s stock worth $1,866,000 after purchasing an additional 4 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in shares of Booking by 0.7% in the third quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent analyst reports. UBS Group raised their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on Booking from $3,080.00 to $3,610.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Price Performance

NASDAQ BKNG traded up $17.21 during mid-day trading on Thursday, reaching $3,461.12. The stock had a trading volume of 55,935 shares, compared to its average volume of 272,698. The stock has a market cap of $118.27 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company has a fifty day moving average price of $3,586.29 and a 200 day moving average price of $3,364.25. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $24.74 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 175.86 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.01%. Booking’s dividend payout ratio is presently 29.67%.

Insider Buying and Selling at Booking

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now directly owns 289 shares in the company, valued at approximately $1,069,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,461 shares of company stock worth $18,815,825. Insiders own 0.15% of the company’s stock.

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.