Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87 shares of the business services provider’s stock after selling 12 shares during the period. Kathmere Capital Management LLC’s holdings in Booking were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Naples Money Management LLC purchased a new stake in shares of Booking during the 4th quarter worth $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking during the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth $28,000. Bourgeon Capital Management LLC acquired a new stake in Booking during the 4th quarter worth $28,000. Finally, Arlington Trust Co LLC acquired a new stake in Booking during the 4th quarter worth $32,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BKNG. Barclays cut their price target on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a research note on Friday. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. DA Davidson dropped their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th. Finally, Tigress Financial lifted their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Seven investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,039.73.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 227 shares of the firm’s 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 completion of the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated 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 completion of the sale, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG traded down $336.05 on Friday, hitting $3,328.13. The company’s stock had a trading volume of 801,623 shares, compared to its average volume of 242,833. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The stock has a 50 day moving average of $3,872.03 and a 200-day moving average of $3,690.67. The company has a market capitalization of $112.92 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 237.46%. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the business posted $37.62 earnings per share. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 178.9 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, September 6th. Booking’s payout ratio is 26.25%.

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.