Bryn Mawr Capital Management LLC Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bryn Mawr Capital Management LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 951 shares of the business services provider’s stock after selling 325 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Booking were worth $3,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Pacer Advisors Inc. lifted its stake in Booking by 2,479.0% during the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after purchasing an additional 112,249 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Booking in the fourth quarter worth $3,774,850,000. Royal London Asset Management Ltd. increased its position in Booking by 139.8% in the third quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock worth $201,166,000 after buying an additional 37,994 shares during the period. Nordea Investment Management AB increased its position in Booking by 41.8% in the third quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after buying an additional 30,015 shares during the period. Finally, Rathbones Group PLC increased its position in Booking by 161.5% in the third quarter. Rathbones Group PLC now owns 39,215 shares of the business services provider’s stock worth $120,937,000 after buying an additional 24,219 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 0.5 %

NASDAQ BKNG traded up $18.60 during trading on Friday, reaching $3,521.08. 146,017 shares of the company’s stock were exchanged, compared to its average volume of 266,331. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The firm has a market capitalization of $119.79 billion, a PE ratio of 29.85, a P/E/G ratio of 1.07 and a beta of 1.40. The company’s fifty day simple moving average is $3,547.11 and its 200-day simple moving average is $3,383.62.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the business earned $24.74 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts forecast that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Analyst Ratings Changes

Several brokerages have weighed in on BKNG. Susquehanna increased their target price on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. Erste Group Bank reissued a “hold” rating on shares of Booking in a report on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Barclays lowered their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Finally, Ascendiant Capital Markets raised their price target on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a report on Friday, December 29th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,723.41.

Insider Transactions at Booking

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the transaction, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value 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 document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the transaction, the director now directly owns 289 shares in the company, valued at $1,069,300. The disclosure for this sale can be found here. Insiders sold 5,461 shares of company stock valued at $18,815,825 in the last three months. Corporate insiders own 0.15% 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.