Zevenbergen Capital Investments LLC Sells 525 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Zevenbergen Capital Investments LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,259 shares of the business services provider's stock after selling 525 shares during the period. Zevenbergen Capital Investments LLC's holdings in Booking were worth $15,108,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Activest Wealth Management acquired a new stake in Booking in the fourth quarter worth $25,000. Naples Money Management LLC acquired a new stake in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the fourth quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Booking in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Paulo Pisano sold 227 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares of the company's stock, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders have sold 5,651 shares of company stock worth $19,485,975 over the last ninety days. Corporate insiders own 0.12% of the company's stock.

Booking Stock Down 0.7 %

Shares of BKNG traded down $26.66 during mid-day trading on Friday, hitting $3,708.35. 198,416 shares of the company's stock were exchanged, compared to its average volume of 253,104. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The stock's 50-day simple moving average is $3,573.99 and its 200-day simple moving average is $3,467.66. The firm has a market cap of $125.82 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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 firm 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 company's revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $11.60 EPS. Analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.94%. Booking's dividend payout ratio is 26.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their target price on Booking from $4,000.00 to $4,200.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Evercore ISI raised their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Wedbush reaffirmed an "outperform" rating and issued a $3,850.00 target price on shares of Booking in a research note on Tuesday, April 30th. Royal Bank of Canada lifted their price target on Booking from $3,550.00 to $3,900.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Barclays reduced their price objective on Booking from $3,900.00 to $3,800.00 and set an "overweight" rating for the company in a research report on Friday, February 23rd. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $3,876.96.

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.