OLD National Bancorp IN Sells 182 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

OLD National Bancorp IN trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 40.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265 shares of the business services provider’s stock after selling 182 shares during the period. OLD National Bancorp IN’s holdings in Booking were worth $940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in Booking in the 4th quarter worth $25,000. Naples Money Management LLC acquired a new stake in Booking in the 4th quarter worth $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Booking in the fourth quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in Booking in the fourth quarter valued at about $28,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Tigress Financial upped their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 28th. Wedbush reissued an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research note on Thursday, April 18th. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Insider Buying and Selling at Booking

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,461 shares of company stock valued at $18,815,825. Corporate insiders own 0.15% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $3,533.99 on Wednesday. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The company has a market capitalization of $120.76 billion, a PE ratio of 29.96, a PEG ratio of 1.05 and a beta of 1.40. The company has a 50 day moving average price of $3,560.40 and a two-hundred day moving average price of $3,378.24.

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

Booking Dividend Announcement

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

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.