Pinnacle Bancorp Inc. Purchases Shares of 24 Booking Holdings Inc. (NASDAQ:BKNG)

Pinnacle Bancorp Inc. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to its most recent filing with the SEC. The firm acquired 24 shares of the business services provider’s stock, valued at approximately $87,000.

A number of other large investors have also recently made changes to their positions in the business. Diversified Trust Co boosted its position in shares of Booking by 0.4% during the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares during the last quarter. Howard Financial Services LTD. boosted its holdings in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 3 shares during the last quarter. Rockland Trust Co. grew its position in shares of Booking by 3.5% during the fourth quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 3 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Booking by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its holdings in shares of Booking by 1.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Booking in a report on Friday, May 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and issued a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $3,902.54.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the sale, the director now owns 189 shares in the company, valued at approximately $649,640.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock valued at $3,617,852 in the last 90 days. Insiders own 0.12% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG opened at $3,961.50 on Friday. The company has a market cap of $134.41 billion, a PE ratio of 29.71, a P/E/G ratio of 1.20 and a beta of 1.40. The firm’s 50 day moving average price is $3,759.73 and its 200-day moving average price is $3,623.63. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00.

Booking (NASDAQ:BKNG) last announced its earnings results 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. The business 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 288.35% and a net margin of 21.81%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $11.60 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, June 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.