Advisor Resource Council Acquires Shares of 55 Booking Holdings Inc. (NASDAQ:BKNG)

Advisor Resource Council bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55 shares of the business services provider's stock, valued at approximately $253,000.

A number of other large investors also recently modified their holdings of BKNG. Summit Securities Group LLC bought a new stake in Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $35,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking during the fourth quarter worth approximately $40,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Booking in the fourth quarter valued at approximately $50,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Cantor Fitzgerald reduced their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley decreased their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. UBS Group cut their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, BMO Capital Markets raised their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, June 16th. The shares were 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 now owns 27,646 shares in the company, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.16% of the company's stock.

Booking Trading Up 0.1%

Shares of NASDAQ BKNG traded up $3.12 during midday trading on Wednesday, reaching $5,485.35. The company's stock had a trading volume of 177,263 shares, compared to its average volume of 247,725. The stock has a 50 day simple moving average of $5,231.92 and a 200-day simple moving average of $4,950.49. The stock has a market capitalization of $178.49 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.70 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

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 the consensus estimate of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the business earned $20.39 EPS. The company's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.70%. Booking's payout ratio is presently 23.89%.

Booking Company 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.