Crossmark Global Holdings Inc. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,818 shares of the business services provider's stock after purchasing an additional 949 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Booking were worth $31,410,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new stake in Booking in the 4th quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new stake in Booking in the 1st quarter valued at about $41,000. Finally, North Capital Inc. acquired a new stake in Booking in the 1st quarter valued at about $46,000. 92.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a research note on Monday. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. BMO Capital Markets increased their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Finally, Bank of America raised their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.
Get Our Latest Stock Analysis on Booking
Insider Buying and Selling
In other 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 sale, the chief executive officer owned 27,646 shares in the company, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.
Booking Price Performance
NASDAQ BKNG traded down $102.59 during mid-day trading on Tuesday, hitting $5,713.33. The company's stock had a trading volume of 236,926 shares, compared to its average volume of 248,841. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,825.00. The stock's fifty day simple moving average is $5,397.96 and its two-hundred day simple moving average is $4,980.35. The firm has a market capitalization of $185.91 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40.
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, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the firm posted $20.39 earnings per share. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $9.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.67%. Booking's payout ratio is 23.89%.
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.
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