HS Management Partners LLC Has $62.43 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

HS Management Partners LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,552 shares of the business services provider's stock after acquiring an additional 284 shares during the period. Booking makes up approximately 5.1% of HS Management Partners LLC's holdings, making the stock its 6th biggest holding. HS Management Partners LLC's holdings in Booking were worth $62,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in shares of Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after acquiring an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new stake in Booking during the 4th quarter valued at $15,054,000. Quadrant Capital Group LLC lifted its holdings in shares of Booking by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after buying an additional 3 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking during the first quarter worth $203,000. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after buying an additional 24 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,039 shares of company stock valued at $16,963,769 over the last quarter. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKNG. B. Riley lifted their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald dropped their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Robert W. Baird raised their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5,453.15.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $18.96 during midday trading on Friday, hitting $5,702.90. 147,053 shares of the stock were exchanged, compared to its average volume of 248,463. The stock has a market capitalization of $185.57 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 1.75 and a beta of 1.40. The business's 50-day moving average price is $5,501.63 and its 200 day moving average price is $5,021.69. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 143.67% and a net margin of 22.58%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $20.39 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

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.