Teamwork Financial Advisors LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Teamwork Financial Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 359 shares of the business services provider’s stock, valued at approximately $1,302,000.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management acquired a new stake in shares of Booking in the 4th quarter valued at about $25,000. Naples Money Management LLC bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Paulo Pisano sold 227 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,021 shares of company stock worth $3,617,852. 0.12% of the stock is currently owned by company insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $0.68 during mid-day trading on Thursday, hitting $3,916.89. The stock had a trading volume of 79,413 shares, compared to its average volume of 196,260. The company has a market cap of $132.90 billion, a PE ratio of 29.38, a P/E/G ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $2,624.50 and a 12-month high of $4,040.00. The company’s 50 day moving average is $3,783.80 and its 200-day moving average is $3,634.79.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 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 net margin of 21.81% and a negative return on equity of 288.35%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.60 EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 yield of 0.89%. Booking’s dividend payout ratio is presently 26.25%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKNG. BMO Capital Markets reaffirmed an “outperform” rating and set a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. DA Davidson upped their target price on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. HSBC upped their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Argus upped their target price on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Eight research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3,902.54.

Booking 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.