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Booking Holdings director sells shares worth over $78k

Published 04/17/2024, 04:34 AM
©  Reuters

In a recent transaction, Lynn Vojvodich Radakovich, a director at Booking Holdings Inc. (NASDAQ:BKNG), sold 22 shares of the company's common stock, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $3,583.07 each, totaling over $78,827 in value.

The transaction was executed on April 15, 2024, and was part of a pre-arranged 10b5-1(c) trading plan, which was adopted on May 19, 2023. These plans allow company insiders to sell shares at predetermined times to avoid accusations of insider trading.

Following the sale, Lynn Vojvodich Radakovich still owns a total of 211 shares of Booking Holdings Inc., indirectly through a family trust. Additionally, the reporting documents indicated a separate holding of 102 shares owned directly by the director.

The sale represents a routine transaction by a corporate insider and is disclosed publicly to maintain transparency with investors and regulators. Booking Holdings Inc., known for its services in the transportation and travel booking industry, continues to be represented by its directors and officers in both ownership and governance matters.

Investors often monitor insider transactions as they can provide insights into an insider’s view of the company’s value. However, it is also common for insiders to sell shares for personal financial management reasons that do not necessarily reflect on the company's performance or future prospects.

InvestingPro Insights

As investors evaluate the insider transaction at Booking Holdings Inc. (NASDAQ:BKNG), current metrics and insights from InvestingPro can provide a broader context for understanding the company's financial health and market performance. With a robust market capitalization of 118.5 billion USD and a P/E ratio standing at 29.3, Booking Holdings showcases financial stability. Notably, the adjusted P/E ratio over the last twelve months as of Q4 2023 is even more favorable at 26.55, indicating a potentially undervalued stock in relation to its earnings.

InvestingPro Tips highlight that management has been actively repurchasing shares, a sign of confidence in the company's value and future. Additionally, the impressive gross profit margin of 84.58% over the last twelve months as of Q4 2023 underscores the company's efficiency in generating profit from its revenues. These factors, coupled with the fact that 13 analysts have revised their earnings upwards for the upcoming period, paint a picture of a company with strong fundamentals and positive outlook.

For those interested in deeper analysis, InvestingPro offers additional insights and tips for Booking Holdings Inc., which can be accessed at https://www.investing.com/pro/BKNG. There are several more InvestingPro Tips available, including the company's position as a prominent player in the Hotels, Restaurants & Leisure industry and its moderate level of debt. Investors seeking to leverage these insights can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a wealth of data and analytics to inform investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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