Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,223 shares of the business services provider's stock after selling 59 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Booking were worth $5,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in 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 purchasing an additional 2,362,892 shares during the period. Northern Trust Corp boosted its position in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the period. Sanders Capital LLC boosted its position in shares of Booking by 1.4% during the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after buying an additional 3,926 shares during the period. Deutsche Bank AG boosted its position in shares of Booking by 1.6% during the fourth quarter. Deutsche Bank AG now owns 278,063 shares of the business services provider's stock worth $1,381,534,000 after buying an additional 4,401 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Booking by 0.3% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 136,309 shares of the business services provider's stock worth $627,963,000 after buying an additional 472 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Performance

NASDAQ BKNG opened at $5,536.31 on Thursday. The stock has a market capitalization of $179.43 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,291.80 and a 1 year high of $5,839.41. The business's fifty day moving average is $5,573.01 and its two-hundred day moving average is $5,087.27.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $41.90 EPS. The company's revenue was up 16.0% on a year-over-year basis. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is 26.71%.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's 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 sale, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday. Robert W. Baird boosted their price objective 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. Evercore ISI boosted their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated 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. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average target price of $5,781.04.

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.

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