Crestwood Advisors Group LLC Buys 164 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Crestwood Advisors Group LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,037 shares of the business services provider's stock after acquiring an additional 164 shares during the quarter. Booking makes up 1.8% of Crestwood Advisors Group LLC's portfolio, making the stock its 10th biggest holding. Crestwood Advisors Group LLC owned 0.06% of Booking worth $92,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking in the fourth quarter worth $209,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Booking by 3.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the business services provider's stock worth $547,000 after purchasing an additional 4 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Booking by 1.5% in the fourth quarter. TD Private Client Wealth LLC now owns 348 shares of the business services provider's stock worth $1,729,000 after purchasing an additional 5 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Booking in the fourth quarter worth $2,494,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. JMP Securities upped their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Cantor Fitzgerald decreased their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Robert W. Baird upped their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Bank of America increased their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday. Ten investment 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5,454.26.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 3,039 shares of company stock worth $16,963,769 over the last quarter. Company insiders own 0.16% of the company's stock.

Booking Trading Down 0.1%

Shares of BKNG traded down $4.00 during mid-day trading on Thursday, hitting $5,732.32. 72,180 shares of the company traded hands, compared to its average volume of 253,518. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The stock has a market capitalization of $186.53 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 1.76 and a beta of 1.40. The business has a 50-day moving average of $5,531.93 and a 200 day moving average of $5,037.81.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) 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 business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $20.39 earnings per share. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio is 23.89%.

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.