Alpha Cubed Investments LLC Buys New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Alpha Cubed Investments LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 47 shares of the business services provider's stock, valued at approximately $217,000.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the 4th quarter worth $209,000. Proficio Capital Partners LLC lifted its stake in shares of Booking by 25.2% during the 4th quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock worth $865,000 after purchasing an additional 35 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Booking by 26.0% during the 4th quarter. Independent Advisor Alliance now owns 920 shares of the business services provider's stock worth $4,573,000 after purchasing an additional 190 shares during the last quarter. Finally, Riverbend Wealth Management LLC purchased a new stake in shares of Booking during the 4th quarter worth $927,000. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other 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 value 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 approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Booking Stock Down 0.8%

Shares of NASDAQ BKNG traded down $45.29 during midday trading on Wednesday, hitting $5,668.04. The stock had a trading volume of 185,039 shares, compared to its average volume of 248,587. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41. The company has a market capitalization of $184.44 billion, a PE ratio of 35.26, a P/E/G ratio of 1.79 and a beta of 1.40. The stock has a 50 day simple moving average of $5,414.04 and a 200-day simple moving average of $4,985.44.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for 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 firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $20.39 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's dividend payout ratio (DPR) is 23.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BKNG shares. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird increased their price target on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target 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. JMP Securities increased their price objective on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Finally, Bank of America increased their price objective on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,415.00.

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.