Alpha Cubed Investments LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Alpha Cubed Investments LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 47 shares of the business services provider's stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the fourth quarter valued at approximately $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 purchased a new position in shares of Booking during the first quarter valued at approximately $41,000. Finally, North Capital Inc. purchased a new position in shares of Booking during the first quarter valued at approximately $46,000. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of NASDAQ:BKNG traded down $1.41 during trading on Friday, hitting $5,717.10. The company had a trading volume of 150,915 shares, compared to its average volume of 248,909. The stock has a market cap of $186.03 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company has a fifty day simple moving average of $5,448.04 and a two-hundred day simple moving average of $4,997.90.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 143.67% and a net margin of 22.58%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BKNG shares. Morgan Stanley reduced their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company upped their price target on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. 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, Piper Sandler lowered their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently 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.