Allworth Financial LP Has $1.74 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Allworth Financial LP boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 361 shares of the business services provider's stock after acquiring an additional 44 shares during the quarter. Allworth Financial LP's holdings in Booking were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking during the 4th quarter valued at about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in shares of Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock valued at $440,967,000 after buying an additional 50,605 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock traded down $1.41 on Friday, reaching $5,717.10. The company's stock had a trading volume of 150,915 shares, compared to its average volume of 248,909. The company has a market cap of $186.03 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.76 and a beta of 1.40. The business's fifty day moving average price is $5,448.04 and its 200 day moving average price is $4,997.90. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $20.39 earnings per share. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the transaction, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BKNG shares. BMO Capital Markets boosted their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group reduced their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. B. Riley boosted 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. JMP Securities boosted their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird lifted 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. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.

Booking Company 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.