Atlantic Union Bankshares Corp Acquires 105 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Atlantic Union Bankshares Corp increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,203 shares of the business services provider's stock after purchasing an additional 105 shares during the period. Atlantic Union Bankshares Corp's holdings in Booking were worth $14,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its holdings in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of Booking during the 4th quarter worth approximately $15,054,000. Quadrant Capital Group LLC raised its holdings in shares of Booking by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 3 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the first quarter worth $203,000. Finally, Perigon Wealth Management LLC boosted its holdings in Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after purchasing an additional 24 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. Piper Sandler reduced their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. B. Riley raised their price objective 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. BMO Capital Markets upped their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley dropped their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Ten 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 data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,453.15.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,702.90 on Friday. The firm has a 50 day moving average price of $5,501.63 and a two-hundred day moving average price of $5,021.69. The stock has a market cap of $185.57 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during 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%. During the same period last year, the company earned $20.39 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. Analysts predict 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 issued a $9.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. Booking's payout ratio is currently 23.89%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,039 shares of company stock valued at $16,963,769 over the last quarter. 0.16% of the stock is currently owned by insiders.

Booking 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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