Norden Group LLC Sells 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Norden Group LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212 shares of the business services provider’s stock after selling 9 shares during the quarter. Norden Group LLC’s holdings in Booking were worth $752,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BKNG. LPL Financial LLC lifted its position in Booking by 8.8% in the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after buying an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in Booking by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Booking by 3.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after buying an additional 470 shares during the last quarter. Boston Trust Walden Corp purchased a new position in Booking in the 4th quarter worth approximately $24,841,000. Finally, Advisor Resource Council increased its stake in Booking by 382.4% in the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 283 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BKNG shares. Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 price target on shares of Booking in a research note on Tuesday. Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Mizuho lifted their price target on Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. B. Riley began coverage on Booking in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price target on the stock. Finally, Barclays reduced their target price on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Eight investment 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 company. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Booking Trading Down 1.8 %

Booking stock opened at $3,452.03 on Wednesday. The business’s fifty day simple moving average is $3,538.09 and its two-hundred day simple moving average is $3,394.91. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company has a market capitalization of $117.44 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping the consensus estimate of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the company posted $24.74 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that Booking Holdings Inc. will post 176.1 EPS for the current year.

Booking Dividend Announcement

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

Insider Activity

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 transaction of $218,300.00. Following the transaction, the director now directly owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 transaction of $1,045,500.00. Following the completion of the sale, the insider now owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total value of $218,300.00. Following the sale, the director now owns 289 shares of the company’s stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. Insiders have sold a total of 5,461 shares of company stock valued at $18,815,825 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

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.