Fiduciary Management Inc. WI Sells 7,118 Shares of Booking Holdings Inc. $BKNG

Fiduciary Management Inc. WI lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,097 shares of the business services provider’s stock after selling 7,118 shares during the quarter. Booking makes up about 4.3% of Fiduciary Management Inc. WI’s portfolio, making the stock its 2nd biggest holding. Fiduciary Management Inc. WI owned approximately 0.23% of Booking worth $391,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in Booking during the 3rd quarter worth $26,000. Daytona Street Capital LLC acquired a new stake in Booking during the 4th quarter worth $27,000. Legacy Bridge LLC acquired a new stake in Booking during the 4th quarter worth $27,000. Camelot Portfolios LLC acquired a new stake in Booking during the 4th quarter worth $27,000. Finally, Strive Asset Management LLC acquired a new stake in Booking during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BKNG shares. BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Booking in a research note on Friday, May 29th. HSBC lowered their target price on shares of Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company set a $215.00 price target on Booking and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Evercore set a $245.00 price target on Booking in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reduced their price target on Booking from $226.00 to $223.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.14.

Insider Activity at Booking

In related news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the sale, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. The trade was a 12.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the completion of the sale, the chief executive officer owned 298,174 shares in the company, valued at approximately $55,269,532.64. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 97,076 shares of company stock worth $16,417,121. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 1.0%

NASDAQ BKNG opened at $165.84 on Friday. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $233.58. The business’s fifty day simple moving average is $169.79 and its 200-day simple moving average is $185.09. The firm has a market cap of $128.51 billion, a PE ratio of 21.81, a P/E/G ratio of 0.99 and a beta of 1.08.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts expect that Booking Holdings Inc. will post 10.44 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, June 5th. Booking’s payout ratio is 22.11%.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.