Caas Capital Management LP Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Caas Capital Management LP purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 60 shares of the business services provider's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the fourth quarter valued at about $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking during the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management acquired a new position in Booking during the first quarter worth approximately $41,000. Finally, North Capital Inc. acquired a new stake in shares of Booking in the first quarter worth $46,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKNG. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. Cantor Fitzgerald lowered their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Bank of America raised their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Finally, Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.

Booking Price Performance

Shares of Booking stock traded down $1.41 during trading hours on Friday, hitting $5,717.10. 150,915 shares of the company's stock traded hands, compared to its average volume of 248,704. The company has a fifty day simple moving average of $5,437.75 and a 200-day simple moving average of $4,994.66. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The stock has a market capitalization of $186.03 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $20.39 EPS. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.