Bailard Inc. Boosts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bailard Inc. raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 488 shares of the business services provider's stock after buying an additional 54 shares during the period. Bailard Inc.'s holdings in Booking were worth $2,248,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its position in 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 acquired a new stake in Booking during the fourth quarter worth approximately $15,054,000. Quadrant Capital Group LLC grew its position in Booking by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after buying an additional 3 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Booking during the first quarter worth approximately $203,000. Finally, Perigon Wealth Management LLC grew its position 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 buying an additional 24 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Bank of America raised their target price on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Truist Financial raised their target price on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. B. Riley raised their target price on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Piper Sandler reduced their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Ten research 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,453.15.

Booking Trading Up 0.3%

Shares of BKNG traded up $18.96 during mid-day trading on Friday, hitting $5,702.90. The company's stock had a trading volume of 147,053 shares, compared to its average volume of 248,110. The company's 50-day moving average is $5,501.63 and its 200-day moving average is $5,021.32. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The firm has a market capitalization of $185.57 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.74 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 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. The company 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 revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $20.39 earnings per share. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 3,039 shares of company stock valued at $16,963,769 in the last ninety days. Insiders own 0.16% of the company's stock.

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.