Seaview Investment Managers LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,897 shares of the business services provider's stock after buying an additional 54 shares during the period. Booking comprises about 2.7% of Seaview Investment Managers LLC's holdings, making the stock its 24th largest holding. Seaview Investment Managers LLC's holdings in Booking were worth $8,739,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Trivium Point Advisory LLC boosted its stake in shares of Booking by 21.6% in the first quarter. Trivium Point Advisory LLC now owns 90 shares of the business services provider's stock valued at $415,000 after purchasing an additional 16 shares during the period. Inspire Trust Co. N.A. grew its stake in shares of Booking by 50.0% in the first quarter. Inspire Trust Co. N.A. now owns 600 shares of the business services provider's stock worth $2,764,000 after acquiring an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Booking by 118.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 2,119 shares of the business services provider's stock worth $9,765,000 after acquiring an additional 1,151 shares in the last quarter. OneAscent Investment Solutions LLC purchased a new stake in shares of Booking during the first quarter worth $419,000. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in Booking by 110.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 196 shares of the business services provider's stock valued at $903,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Trading Down 0.2%
BKNG stock opened at $5,447.92 on Thursday. Booking Holdings Inc. has a 52 week low of $3,557.64 and a 52 week high of $5,839.41. The company has a market cap of $176.57 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.57 and a beta of 1.41. The company's 50-day moving average price is $5,563.76 and its 200 day moving average price is $5,110.00.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $41.90 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The firm 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. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is currently 26.71%.
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. 0.16% of the stock is owned by insiders.
Analysts Set New Price Targets
BKNG has been the subject of several recent research reports. B. Riley reiterated a "buy" rating and issued a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. UBS Group increased their target price on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Benchmark reaffirmed a "buy" rating and set a $6,200.00 price target (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, JMP Securities raised their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.
Read Our Latest Stock Report on Booking
Booking 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.
Further Reading
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