Cortland Associates Inc. MO lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,778 shares of the business services provider's stock after acquiring an additional 64 shares during the period. Booking makes up about 8.2% of Cortland Associates Inc. MO's portfolio, making the stock its largest holding. Cortland Associates Inc. MO's holdings in Booking were worth $68,079,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Booking in the 4th quarter worth about $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter worth about $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking in the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management bought a new position in Booking in the 1st quarter valued at approximately $41,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Booking during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. B. Riley raised their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler cut their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Cantor Fitzgerald lowered their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird lifted their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Ten research 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.
View Our Latest Research Report on BKNG
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the 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 value of $5,425,698.91. Following the sale, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.
Booking Price Performance
NASDAQ:BKNG opened at $5,717.10 on Friday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The firm has a 50-day moving average of $5,448.04 and a 200-day moving average of $4,998.76. The company has a market cap of $186.03 billion, a PE ratio of 35.57, a PEG ratio of 1.76 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $20.39 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is currently 23.89%.
Booking Company Profile
(
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.
Read More
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.