386 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Central Valley Advisors LLC

Central Valley Advisors LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 386 shares of the business services provider's stock, valued at approximately $1,369,000.

Several other large investors also recently modified their holdings of BKNG. Norges Bank acquired a new stake in Booking in the 4th quarter valued at $1,742,160,000. Pacer Advisors Inc. grew its holdings in shares of Booking by 2,479.0% during the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider's stock valued at $414,234,000 after buying an additional 112,249 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking during the fourth quarter worth about $3,774,850,000. Royal London Asset Management Ltd. raised its holdings in shares of Booking by 139.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider's stock worth $201,166,000 after acquiring an additional 37,994 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Booking by 41.8% in the 3rd quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider's stock valued at $317,313,000 after acquiring an additional 30,015 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Up 1.4 %

Shares of BKNG traded up $53.72 during trading hours on Tuesday, hitting $3,822.34. The company had a trading volume of 224,069 shares, compared to its average volume of 267,937. 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 moving average price is $3,579.31 and its 200 day moving average price is $3,479.15. The firm has a market cap of $129.69 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.11 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly 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. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $4.25 billion. The business's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $11.60 EPS. On average, research analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 0.92%. Booking's payout ratio is currently 26.25%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Erste Group Bank reiterated a "hold" rating on shares of Booking in a research note on Wednesday, March 13th. DA Davidson boosted their target price on Booking from $4,100.00 to $4,150.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. Barclays reduced their target price on Booking from $3,900.00 to $3,800.00 and set an "overweight" rating for the company in a report on Friday, February 23rd. Finally, Wells Fargo & Company lifted their price target on Booking from $3,435.00 to $3,494.00 and gave the stock an "equal weight" rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average target price of $3,876.96.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 4,302 shares of the company's 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 directly owns 33,548 shares of the company's stock, valued at $114,826,417. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares of the company's stock, valued at approximately $114,826,417. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paulo Pisano sold 227 shares of Booking 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 sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold a total of 5,651 shares of company stock valued at $19,485,975 in the last quarter. Insiders own 0.12% of the company's stock.

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.

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