International Assets Investment Management LLC Acquires New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

International Assets Investment Management LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 106,417 shares of the business services provider's stock, valued at approximately $3,774,850,000. Booking makes up about 11.6% of International Assets Investment Management LLC's holdings, making the stock its 2nd largest holding. International Assets Investment Management LLC owned about 0.31% of Booking at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Activest Wealth Management bought a new stake in Booking in the fourth quarter valued at approximately $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $28,000. Arlington Trust Co LLC bought a new stake in shares of Booking in the 4th quarter valued at about $32,000. Atticus Wealth Management LLC boosted its stake in shares of Booking by 1,000.0% during the 4th quarter. Atticus Wealth Management LLC now owns 11 shares of the business services provider's stock worth $39,000 after acquiring an additional 10 shares during the period. Finally, Sutton Wealth Advisors Inc. increased its holdings in shares of Booking by 44.4% in the third quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider's stock valued at $40,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. Erste Group Bank reissued a "hold" rating on shares of Booking in a report on Wednesday, March 13th. Susquehanna boosted their target price on Booking from $3,600.00 to $4,100.00 and gave the company a "positive" rating in a research report on Monday, February 26th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Booking in a report on Tuesday, February 20th. Edward Jones reiterated a "hold" rating on shares of Booking in a research note on Friday, February 16th. Finally, Wedbush restated an "outperform" rating and set a $3,850.00 price target on shares of Booking in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,823.00.

Insider Buying and Selling

In other news, 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 completion of the transaction, the director now owns 289 shares in the company, valued at approximately $1,069,300. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 in the company, valued at $1,069,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders sold 5,483 shares of company stock worth $18,891,445 over the last 90 days. 0.15% of the stock is owned by insiders.

Booking Trading Up 3.0 %

Booking stock traded up $104.47 during trading on Friday, hitting $3,577.38. The company had a trading volume of 534,621 shares, compared to its average volume of 269,375. The company's 50 day simple moving average is $3,523.00 and its 200-day simple moving average is $3,395.60. Booking Holdings Inc. has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The stock has a market cap of $121.70 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating analysts' consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.25 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.60 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 176.1 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 0.98%. Booking's dividend payout ratio (DPR) is 29.67%.

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.