Bryn Mawr Capital Management LLC Has $1.69 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Bryn Mawr Capital Management LLC decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 61.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367 shares of the business services provider's stock after selling 584 shares during the period. Bryn Mawr Capital Management LLC's holdings in Booking were worth $1,691,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after purchasing an additional 39 shares during the last quarter. Point72 Europe London LLP bought a new stake in shares of Booking in the 4th quarter worth approximately $15,054,000. Quadrant Capital Group LLC lifted its holdings in shares of Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after purchasing an additional 3 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the 1st quarter worth approximately $203,000. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG stock traded up $18.96 on Friday, reaching $5,702.90. 147,053 shares of the company's stock traded hands, compared to its average volume of 248,110. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The company has a market capitalization of $185.57 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40. The business's 50 day moving average price is $5,501.63 and its two-hundred day moving average price is $5,021.32.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company posted $20.39 earnings per share. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is currently 23.89%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value 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 represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 3,039 shares of company stock valued at $16,963,769. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird raised their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets lifted their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group cut their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Cantor Fitzgerald cut their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average target price of $5,453.15.

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.