Mogy Joel R Investment Counsel Inc. Acquires 131 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mogy Joel R Investment Counsel Inc. boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,023 shares of the business services provider’s stock after acquiring an additional 131 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Booking were worth $3,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Activest Wealth Management bought a new stake in Booking during the fourth quarter worth about $25,000. Naples Money Management LLC bought a new stake in Booking during the fourth quarter worth about $25,000. Valued Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth about $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in Booking during the fourth quarter worth about $28,000. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, 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. Insiders sold 5,461 shares of company stock valued at $18,815,825 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research report on Thursday, April 18th. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Ascendiant Capital Markets upped their target price on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Finally, BMO Capital Markets initiated coverage on shares of Booking in a research report on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Trading Up 0.5 %

Shares of BKNG stock traded up $18.60 during trading hours on Friday, hitting $3,521.08. 146,026 shares of the company were exchanged, compared to its average volume of 193,606. The business has a 50 day moving average of $3,547.11 and a two-hundred day moving average of $3,383.62. 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 $119.79 billion, a PE ratio of 29.85, a PEG ratio of 1.06 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping 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 company 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 firm’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Booking Holdings Inc. will post 176.1 EPS for the current year.

Booking Dividend Announcement

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

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.