Edgemoor Investment Advisors Inc. Acquires 46 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Edgemoor Investment Advisors Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,047 shares of the business services provider's stock after buying an additional 46 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Booking were worth $4,823,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Summit Securities Group LLC purchased a new stake in shares of Booking during the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking during the 4th quarter valued at approximately $40,000. Alpine Bank Wealth Management purchased a new stake in Booking in the first quarter valued at approximately $41,000. Finally, North Capital Inc. purchased a new stake in Booking in the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 note on Wednesday, April 30th. Bank of America upped their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Morgan Stanley reduced their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Piper Sandler reduced their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Barclays reissued an "overweight" rating and set a $5,700.00 price target (up from $5,600.00) on shares of Booking in a report on Wednesday, July 16th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,453.15.

Booking Stock Down 0.5%

NASDAQ BKNG traded down $25.75 during trading hours on Monday, hitting $5,677.15. 156,263 shares of the company were exchanged, compared to its average volume of 248,095. The company has a 50 day moving average of $5,501.63 and a two-hundred day moving average of $5,022.36. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The firm has a market cap of $184.73 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.75 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $20.39 EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current 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. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Tuesday, July 15th. The stock was 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 of the company's stock, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is currently owned by corporate insiders.

About Booking

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.