Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,285 shares of the business services provider's stock after purchasing an additional 104 shares during the period. Booking comprises about 1.5% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 18th largest position. Alpine Woods Capital Investors LLC's holdings in Booking were worth $5,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. Summit Securities Group LLC acquired a new position in Booking in the 4th quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking in the fourth quarter valued at $40,000. Alpine Bank Wealth Management acquired a new position in Booking in the first quarter valued at $41,000. Finally, North Capital Inc. purchased a new position in Booking during the first quarter worth about $46,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BKNG. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. B. Riley raised their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. 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. Bank of America upped their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, UBS Group decreased their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.

Booking Trading Down 0.0%

NASDAQ BKNG traded down $1.41 during mid-day trading on Friday, reaching $5,717.10. 150,915 shares of the company's stock traded hands, compared to its average volume of 248,704. 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 fifty day simple moving average of $5,448.04 and a 200-day simple moving average of $4,998.76. The company has a market cap of $186.03 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $20.39 earnings per share. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 transaction, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

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.