Bellecapital International Ltd. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,451 shares of the business services provider's stock after selling 551 shares during the period. Booking makes up 3.1% of Bellecapital International Ltd.'s investment portfolio, making the stock its 12th biggest holding. Bellecapital International Ltd.'s holdings in Booking were worth $15,898,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking in the 4th quarter worth about $209,000. Soltis Investment Advisors LLC acquired a new stake in shares of Booking in the 4th quarter worth about $276,000. Stonebridge Financial Group LLC acquired a new stake in shares of Booking in the 4th quarter worth about $253,000. Finally, Quent Capital LLC raised its holdings in shares of Booking by 31.0% in the 4th quarter. Quent Capital LLC now owns 148 shares of the business services provider's stock worth $736,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Bank of America increased their price objective on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. DA Davidson increased their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BTIG Research raised 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, Cantor Fitzgerald cut their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5,388.37.
Check Out Our Latest Analysis on Booking
Booking Stock Performance
NASDAQ:BKNG traded down $163.57 during trading hours on Friday, reaching $5,298.38. The company's stock had a trading volume of 261,976 shares, compared to its average volume of 247,306. The firm has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. The firm has a 50-day simple moving average of $5,098.72 and a 200-day simple moving average of $4,944.08. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70.
Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 company had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $20.39 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.
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.
See Also
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
