Amalgamated Bank Purchases 58 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Amalgamated Bank boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,631 shares of the business services provider's stock after purchasing an additional 58 shares during the period. Amalgamated Bank's holdings in Booking were worth $35,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. GAMMA Investing LLC raised its position in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking in the fourth quarter valued at $1,958,352,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its position in Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after buying an additional 50,605 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $5,693.13 on Monday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,711.48. The company's 50 day moving average price is $5,274.77 and its two-hundred day moving average price is $4,952.54. The company has a market capitalization of $185.25 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's payout ratio is presently 23.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BKNG. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Robert W. Baird boosted their price objective 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. JMP Securities upped their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Bank of America lifted their target price on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Finally, UBS Group dropped their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5,388.37.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by 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.

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