Bar Harbor Wealth Management Lowers Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Bar Harbor Wealth Management reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 645 shares of the business services provider's stock after selling 49 shares during the period. Bar Harbor Wealth Management's holdings in Booking were worth $2,971,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BKNG. GAMMA Investing LLC raised its stake in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the period. Norges Bank bought a new position in shares of Booking in the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after purchasing an additional 95,308 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 1.3%

Shares of NASDAQ BKNG traded up $70.66 during midday trading on Monday, hitting $5,369.04. The company's stock had a trading volume of 223,658 shares, compared to its average volume of 247,626. The stock has a fifty day moving average price of $5,098.72 and a 200 day moving average price of $4,940.18. The firm has a market capitalization of $174.71 billion, a price-to-earnings ratio of 31.03, a P/E/G 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 quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $20.39 earnings per share. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKNG. B. Riley increased their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald dropped their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets raised their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, DA Davidson upped their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5,388.37.

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.