Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA boosted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 52.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269 shares of the business services provider's stock after buying an additional 93 shares during the period. Private Trust Co. NA's holdings in Booking were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Covestor Ltd boosted its position in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after buying an additional 2 shares during the last quarter. SageView Advisory Group LLC boosted its position in Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares during the last quarter. Elequin Capital LP boosted its position in Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after buying an additional 2 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Booking by 6.5% in the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ BKNG traded up $20.73 during mid-day trading on Friday, hitting $5,722.49. The stock had a trading volume of 131,159 shares, compared to its average volume of 248,532. The firm's 50 day moving average is $5,379.44 and its 200 day moving average is $4,974.80. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,799.01. The stock has a market capitalization of $186.21 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.76 and a beta of 1.40.

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, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company earned $20.39 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced 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 dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BKNG shares. B. Riley upped their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research report on Friday, April 4th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley lowered their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5,388.37.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

Booking 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.