Motley Fool Wealth Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,605 shares of the business services provider's stock after selling 1,719 shares during the quarter. Booking makes up about 3.4% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its 3rd largest holding. Motley Fool Wealth Management LLC's holdings in Booking were worth $58,074,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. 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 valued at $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Pacer Advisors Inc. raised its stake in Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. TD Asset Management Inc raised its stake in Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Northern Trust Corp raised its stake in Booking by 18.8% during the fourth 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. Finally, Voloridge Investment Management LLC raised its stake in Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after purchasing an additional 45,808 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BKNG. Bank of America upped their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Wells Fargo & Company increased their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Wedbush reissued a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased 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 note on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,781.04.
View Our Latest Analysis on BKNG
Insiders Place Their Bets
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. Company insiders own 0.16% of the company's stock.
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $13.62 during trading hours on Wednesday, reaching $5,447.92. The stock had a trading volume of 190,367 shares, compared to its average volume of 202,172. Booking Holdings Inc. has a 1 year low of $3,557.64 and a 1 year high of $5,839.41. The firm's 50 day moving average is $5,563.76 and its 200-day moving average is $5,110.00. The stock has a market capitalization of $176.57 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 1.57 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $41.90 earnings per share. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.
Booking Company Profile
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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.
Further Reading
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