First National Trust Co Sells 381 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

First National Trust Co trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,876 shares of the business services provider's stock after selling 381 shares during the quarter. First National Trust Co's holdings in Booking were worth $10,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Booking by 1.3% in the 3rd quarter. Northern Trust Corp now owns 383,996 shares of the business services provider's stock worth $1,184,224,000 after acquiring an additional 5,040 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Booking by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider's stock worth $1,336,362,000 after purchasing an additional 15,381 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in Booking by 2.8% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 149,902 shares of the business services provider's stock valued at $462,290,000 after buying an additional 4,048 shares during the period. Nordea Investment Management AB lifted its stake in Booking by 28.8% in the fourth quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider's stock valued at $466,166,000 after buying an additional 29,316 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Booking by 2,479.0% during the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider's stock worth $414,234,000 after buying an additional 112,249 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research analyst reports. Bank of America lifted their price objective on shares of Booking from $3,900.00 to $3,950.00 and gave the company a "neutral" rating in a research note on Friday. JMP Securities increased their price objective on shares of Booking from $3,600.00 to $3,950.00 and gave the stock a "market outperform" rating in a research report on Monday, February 26th. UBS Group boosted their target price on Booking from $4,000.00 to $4,200.00 and gave the company a "buy" rating in a research report on Monday, February 5th. Benchmark reaffirmed a "hold" rating on shares of Booking in a research note on Friday. Finally, Wells Fargo & Company raised their price objective on Booking from $3,435.00 to $3,494.00 and gave the company an "equal weight" rating in a research note on Friday. Ten equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3,823.00.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the sale, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 26,971 shares of the company's stock, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Insiders sold a total of 5,483 shares of company stock worth $18,891,445 in the last quarter. Insiders own 0.15% of the company's stock.

Booking Stock Up 3.0 %

BKNG stock traded up $104.47 during midday trading on Friday, hitting $3,577.38. The company's stock had a trading volume of 534,715 shares, compared to its average volume of 200,734. The stock has a market cap of $121.70 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.08 and a beta of 1.40. The stock's 50-day moving average price is $3,524.43 and its 200 day moving average price is $3,406.68. Booking Holdings Inc. has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping analysts' consensus estimates of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $11.60 EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 176.46 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 7th. Booking's dividend payout ratio is currently 26.25%.

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.