AIA Group Ltd grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,567 shares of the business services provider's stock after purchasing an additional 54 shares during the period. AIA Group Ltd's holdings in Booking were worth $11,826,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of BKNG. Kapitalo Investimentos Ltda acquired a new stake in Booking in the fourth quarter valued at $40,000. Alpine Bank Wealth Management acquired a new stake in shares of Booking during the first quarter valued at $41,000. North Capital Inc. acquired a new stake in shares of Booking during the first quarter valued at $46,000. Mechanics Financial Corp acquired a new stake in shares of Booking during the first quarter valued at $46,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Booking during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $13.62 during mid-day trading on Wednesday, hitting $5,447.92. 190,367 shares of the company traded hands, compared to its average volume of 202,172. The firm has a market cap of $176.57 billion, a P/E ratio of 37.89, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,557.64 and a 52-week high of $5,839.41. The firm's 50 day simple moving average is $5,563.76 and its 200 day simple moving average is $5,110.00.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The company's revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $41.90 EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is presently 26.71%.
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 3,039 shares of company stock worth $16,963,769. Company insiders own 0.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Citigroup increased their price objective on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Bank of America increased their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, UBS Group raised their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.
View Our Latest Stock Analysis on BKNG
Booking Profile
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Free Report)
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.
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