Baillie Gifford & Co. decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,449 shares of the business services provider's stock after selling 926 shares during the period. Baillie Gifford & Co.'s holdings in Booking were worth $20,496,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its stake in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after purchasing an additional 39 shares during the last quarter. Point72 Europe London LLP acquired a new position in shares of Booking during the 4th quarter worth approximately $15,054,000. Quadrant Capital Group LLC raised its stake in shares of Booking by 1.4% during the 4th 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 during the period. International Assets Investment Management LLC purchased a new stake in shares of Booking during the first quarter worth approximately $203,000. Finally, Perigon Wealth Management LLC increased its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Trading Up 0.4%
Shares of NASDAQ BKNG traded up $20.85 during trading on Wednesday, reaching $5,611.62. The company had a trading volume of 176,155 shares, compared to its average volume of 253,455. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The stock has a market capitalization of $182.60 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock has a 50-day moving average price of $5,558.09 and a two-hundred day moving average price of $5,061.42.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the business earned $41.90 earnings per share. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. Booking's payout ratio is 23.89%.
Insider Buying and Selling at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the transaction, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 over the last ninety days. 0.16% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on BKNG shares. Royal Bank Of Canada boosted their price target on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research report on Wednesday. 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 report on Wednesday, April 30th. Wells Fargo & Company upped their target price on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a report on Wednesday. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday. Finally, Cantor Fitzgerald decreased their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average price target of $5,681.04.
Check Out Our Latest Stock Report on BKNG
About Booking
(
Free Report)
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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