Allen Capital Group LLC Acquires 58 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Allen Capital Group LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 535 shares of the business services provider's stock after acquiring an additional 58 shares during the period. Allen Capital Group LLC's holdings in Booking were worth $2,465,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Booking in the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking in the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking in the 4th quarter valued at approximately $40,000. Alpine Bank Wealth Management bought a new stake in Booking during the 1st quarter worth approximately $41,000. Finally, North Capital Inc. bought a new stake in Booking during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BKNG shares. B. Riley increased their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,453.15.

Booking Price Performance

BKNG stock traded up $25.81 during trading hours on Thursday, reaching $5,683.94. 141,181 shares of the stock were exchanged, compared to its average volume of 248,195. The firm's 50-day moving average is $5,479.02 and its 200-day moving average is $5,011.47. The company has a market cap of $184.96 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.74 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations 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 was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.39 EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is 23.89%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the transaction, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 3,039 shares of company stock valued at $16,963,769. 0.16% of the stock is owned by company insiders.

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.