Procyon Advisors LLC Sells 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Procyon Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250 shares of the business services provider’s stock after selling 3 shares during the quarter. Procyon Advisors LLC’s holdings in Booking were worth $908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 valued at $2,710,000 after buying an additional 3 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after buying an additional 3 shares during the last quarter. Rockland Trust Co. lifted its holdings in shares of Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 3 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of Booking by 1.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG traded up $27.02 during trading hours on Thursday, hitting $4,009.40. The stock had a trading volume of 168,451 shares, compared to its average volume of 255,197. The firm has a market cap of $136.04 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.20 and a beta of 1.40. The company’s fifty day simple moving average is $3,737.22 and its 200 day simple moving average is $3,616.64. Booking Holdings Inc. has a 12-month low of $2,624.50 and a 12-month high of $4,040.00.

Booking (NASDAQ:BKNG) 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. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $11.60 EPS. As a group, sell-side analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $8.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.87%. Booking’s dividend payout ratio is currently 26.25%.

Insider Activity at Booking

In related 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 completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The disclosure for this sale can be found here. In the last three months, insiders sold 1,021 shares of company stock worth $3,617,852. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a report on Tuesday, April 30th. Evercore ISI boosted their target price on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Argus boosted their target price on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. DA Davidson boosted their target price on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, 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. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,902.54.

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.