Bank Pictet & Cie Europe AG Acquires 125 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Bank Pictet & Cie Europe AG grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the business services provider's stock after purchasing an additional 125 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Booking were worth $8,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in shares of Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the 4th quarter worth $30,000. Promus Capital LLC acquired a new position in Booking in the 4th quarter worth about $35,000. Kapitalo Investimentos Ltda acquired a new position in Booking during the 4th quarter worth about $40,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Booking during the fourth quarter worth $42,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BKNG shares. JPMorgan Chase & Co. upped their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their target price on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. Finally, Barclays raised their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Trading Up 1.3%

Shares of Booking stock traded up $70.66 during trading on Monday, reaching $5,369.04. The company's stock had a trading volume of 224,264 shares, compared to its average volume of 247,629. The stock has a 50-day moving average price of $5,098.72 and a two-hundred day moving average price of $4,940.18. The stock has a market capitalization of $174.71 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results 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 business 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 159.34% and a net margin of 24.78%. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $20.39 EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed 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. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, June 6th. 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.