Kathmere Capital Management LLC Acquires 12 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Kathmere Capital Management LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99 shares of the business services provider’s stock after buying an additional 12 shares during the period. Kathmere Capital Management LLC’s holdings in Booking were worth $359,000 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 the stock. Harbour Capital Advisors LLC boosted its stake in Booking by 1.0% during the first quarter. Harbour Capital Advisors LLC now owns 1,015 shares of the business services provider’s stock valued at $3,620,000 after buying an additional 10 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Booking by 0.6% during the 1st quarter. Capital Insight Partners LLC now owns 1,805 shares of the business services provider’s stock valued at $6,548,000 after acquiring an additional 11 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of Booking in the first quarter valued at $87,000. Atlantic Union Bankshares Corp increased its position in Booking by 9.1% in the first quarter. Atlantic Union Bankshares Corp now owns 2,002 shares of the business services provider’s stock worth $7,263,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Booking during the first quarter valued at $87,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at $649,640.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s 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 transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the completion of the transaction, 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 1,021 shares of company stock valued at $3,617,852 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $3,961.50 on Friday. The firm has a 50-day simple moving average of $3,759.73 and a two-hundred day simple moving average of $3,625.18. Booking Holdings Inc. has a one year low of $2,624.50 and a one year high of $4,040.00. The firm has a market cap of $134.41 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.18 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. Booking’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $11.60 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.88%. Booking’s dividend payout ratio (DPR) is 26.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Argus lifted their price objective on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. JMP Securities reissued a “market outperform” rating and set a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Evercore ISI boosted their target price on Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, HSBC raised their price target on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,902.54.

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.