Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 682 shares of the business services provider’s stock after selling 4 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Booking were worth $2,703,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Booking by 28.1% during the 2nd quarter. Signaturefd LLC now owns 346 shares of the business services provider’s stock worth $1,371,000 after purchasing an additional 76 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Booking by 8.6% in the second quarter. KCM Investment Advisors LLC now owns 341 shares of the business services provider’s stock worth $1,351,000 after buying an additional 27 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Booking by 3.5% during the second quarter. Crossmark Global Holdings Inc. now owns 5,205 shares of the business services provider’s stock worth $20,620,000 after buying an additional 174 shares during the period. Main Street Research LLC grew its holdings in shares of Booking by 3.4% during the second quarter. Main Street Research LLC now owns 7,837 shares of the business services provider’s stock valued at $31,046,000 after buying an additional 257 shares during the last quarter. Finally, Callahan Advisors LLC increased its position in shares of Booking by 5.4% in the 2nd quarter. Callahan Advisors LLC now owns 3,945 shares of the business services provider’s stock valued at $15,629,000 after acquiring an additional 201 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley lifted their price target on Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Evercore ISI cut their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Benchmark reduced their price target on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,068.32.

Booking Price Performance

NASDAQ BKNG traded up $18.42 on Friday, hitting $3,909.23. The company had a trading volume of 239,634 shares, compared to its average volume of 257,304. The company’s fifty day moving average price is $3,793.56 and its 200-day moving average price is $3,696.44. The company has a market capitalization of $132.63 billion, a PE ratio of 29.32, a PEG ratio of 1.10 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the previous year, the company earned $37.62 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 177.09 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.90%. Booking’s payout ratio is currently 26.25%.

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.