Alta Capital Management LLC Sells 625 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Alta Capital Management LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,692 shares of the business services provider's stock after selling 625 shares during the quarter. Booking accounts for 2.9% of Alta Capital Management LLC's portfolio, making the stock its 12th largest position. Alta Capital Management LLC's holdings in Booking were worth $44,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the fourth 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 bought a new position in Booking in the fourth quarter worth approximately $209,000. J.W. Cole Advisors Inc. raised its position in Booking by 14.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 81 shares of the business services provider's stock worth $403,000 after acquiring an additional 10 shares during the period. Atria Wealth Solutions Inc. raised its position in Booking by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider's stock worth $6,372,000 after acquiring an additional 62 shares during the period. Finally, Convergence Investment Partners LLC raised its position in Booking by 51.1% in the fourth quarter. Convergence Investment Partners LLC now owns 263 shares of the business services provider's stock worth $1,307,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

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 shares were 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 now directly owns 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BKNG shares. Robert W. Baird increased their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. BTIG Research upgraded shares of 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. Barclays increased their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Ten 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 has an average rating of "Moderate Buy" and an average target price of $5,388.37.

Booking Trading Up 0.3%

BKNG traded up $17.77 during trading on Friday, hitting $5,304.03. 441,919 shares of the company traded hands, compared to its average volume of 248,618. The company has a market cap of $172.59 billion, a PE ratio of 33.00, a P/E/G ratio of 1.64 and a beta of 1.41. The stock's 50-day simple moving average is $5,180.10 and its two-hundred day simple moving average is $4,947.25. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70.

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

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. Booking's payout ratio is currently 23.89%.

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.