Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,815 shares of the business services provider's stock after purchasing an additional 638 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Booking worth $82,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKNG. Summit Securities Group LLC purchased a new position in shares of Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking during the 4th quarter worth about $30,000. Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter valued at about $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking in the 4th quarter valued at about $40,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Booking in the 4th quarter valued at about $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on BKNG. UBS Group reduced their price target 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. Wells Fargo & Company raised their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Piper Sandler decreased 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 research note on Monday, April 28th. Cantor Fitzgerald lowered their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, B. Riley raised their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5,388.37.

Insider Transactions 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 sale, the chief executive officer now owns 27,646 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Booking Trading Up 0.1%

BKNG stock traded up $3.12 during mid-day trading on Wednesday, reaching $5,485.35. The company's stock had a trading volume of 177,263 shares, compared to its average volume of 247,725. The stock has a market cap of $178.49 billion, a PE ratio of 34.13, a P/E/G ratio of 1.70 and a beta of 1.41. The company's 50 day moving average is $5,231.92 and its two-hundred day moving average is $4,950.49. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. Booking's dividend payout ratio is presently 23.89%.

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.