Rosenbaum Jay D. Has $862,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Rosenbaum Jay D. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 45.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243 shares of the business services provider's stock after selling 204 shares during the quarter. Booking comprises approximately 2.2% of Rosenbaum Jay D.'s portfolio, making the stock its 10th biggest position. Rosenbaum Jay D.'s holdings in Booking were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Larson Financial Group LLC increased its holdings in shares of Booking by 3,200.0% during the third quarter. Larson Financial Group LLC now owns 33 shares of the business services provider's stock valued at $102,000 after acquiring an additional 32 shares in the last quarter. NewSquare Capital LLC increased its holdings in Booking by 137.5% in the 3rd quarter. NewSquare Capital LLC now owns 19 shares of the business services provider's stock worth $59,000 after buying an additional 11 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Booking by 0.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,800 shares of the business services provider's stock worth $39,475,000 after buying an additional 75 shares in the last quarter. STF Management LP increased its holdings in Booking by 164.4% in the 3rd quarter. STF Management LP now owns 595 shares of the business services provider's stock worth $1,835,000 after buying an additional 370 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Booking by 0.4% in the 3rd quarter. Corient Private Wealth LLC now owns 10,714 shares of the business services provider's stock worth $33,041,000 after buying an additional 45 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKNG shares. DA Davidson lifted their price objective on Booking from $4,100.00 to $4,150.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on Booking from $3,950.00 to $4,025.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. Evercore ISI raised their target price on Booking from $3,800.00 to $4,500.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Edward Jones reissued a "hold" rating on shares of Booking in a research report on Friday, February 16th. Finally, Royal Bank of Canada raised their target price on Booking from $3,550.00 to $3,900.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $3,876.96.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 300 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares of the company's stock, valued at approximately $14,752,005. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares of the company's stock, valued at approximately $815,101.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 300 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares of the company's stock, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold a total of 5,651 shares of company stock valued at $19,485,975 in the last three months. 0.12% of the stock is currently owned by company insiders.

Booking Stock Up 0.1 %

NASDAQ:BKNG traded up $2.76 on Wednesday, reaching $3,825.10. The company's stock had a trading volume of 203,330 shares, compared to its average volume of 267,287. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The firm has a market cap of $129.79 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.40. The stock has a 50 day moving average price of $3,585.76 and a 200 day moving average price of $3,485.93.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the business earned $11.60 EPS. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 dividend yield of 0.92%. Booking's dividend payout ratio is currently 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.

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