Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Main Street Research LLC

Main Street Research LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,257 shares of the business services provider's stock after purchasing an additional 53 shares during the quarter. Booking accounts for about 2.5% of Main Street Research LLC's investment portfolio, making the stock its 18th biggest holding. Main Street Research LLC's holdings in Booking were worth $38,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Cornerstone Planning Group LLC grew its position 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 during the period. OMNI 360 Wealth Inc. bought a new stake in shares of Booking in the first quarter worth $295,000. Personal CFO Solutions LLC increased its position in Booking by 22.2% during the first quarter. Personal CFO Solutions LLC now owns 66 shares of the business services provider's stock valued at $304,000 after acquiring an additional 12 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Booking by 2.4% in the first quarter. Valeo Financial Advisors LLC now owns 297 shares of the business services provider's stock valued at $1,367,000 after acquiring an additional 7 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in Booking by 6.3% in the first quarter. Stratos Wealth Advisors LLC now owns 51 shares of the business services provider's stock valued at $237,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Stock Up 0.5%

NASDAQ:BKNG traded up $29.53 during mid-day trading on Thursday, hitting $5,697.57. 102,951 shares of the stock traded hands, compared to its average volume of 248,417. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The stock has a market capitalization of $185.40 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.76 and a beta of 1.40. The firm's 50 day moving average is $5,425.41 and its two-hundred day moving average is $4,990.14.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly 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 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 143.67% and a net margin of 22.58%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $20.39 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BKNG shares. UBS Group reduced their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Piper Sandler reduced their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JMP Securities boosted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the transaction, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

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.