Banque Pictet & Cie SA Sells 214 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Banque Pictet & Cie SA lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,912 shares of the business services provider's stock after selling 214 shares during the quarter. Banque Pictet & Cie SA's holdings in Booking were worth $41,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BKNG. Cornerstone Planning Group LLC raised its stake in Booking by 200.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 12 shares of the business services provider's stock worth $57,000 after purchasing an additional 8 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in Booking in the 1st quarter worth about $295,000. Personal CFO Solutions LLC raised its stake in Booking by 22.2% in the 1st quarter. Personal CFO Solutions LLC now owns 66 shares of the business services provider's stock worth $304,000 after purchasing an additional 12 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Booking by 2.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 297 shares of the business services provider's stock worth $1,367,000 after purchasing an additional 7 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its stake in Booking by 6.3% in the 1st quarter. Stratos Wealth Advisors LLC now owns 51 shares of the business services provider's stock worth $237,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 0.0%

BKNG traded down $1.41 during trading on Friday, reaching $5,717.10. 150,915 shares of the company's stock were exchanged, compared to its average volume of 248,909. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The stock has a market capitalization of $186.03 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. The firm has a fifty day moving average price of $5,448.04 and a two-hundred day moving average price of $4,997.90.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid 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 is currently 23.89%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the sale, the chief executive officer directly owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. JMP Securities lifted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company boosted their target price on shares of Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

Booking Company 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.