Booking Holdings Inc. (NASDAQ:BKNG) Position Trimmed by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its position in Booking Holdings by 49.1%, selling 360 shares and leaving them with 373 shares valued at $1,718,000.
• Several institutional investors, such as GAMMA Investing LLC and Pacer Advisors Inc., significantly increased their positions in Booking Holdings by over 500% and 1,400%, respectively, during the first quarter.
• Booking Holdings recently declared a dividend of $9.60 per share, with a record date of September 5th, indicating a forward yield of 0.7% and a dividend payout ratio of 26.71%.

Callan Family Office LLC decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 49.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373 shares of the business services provider's stock after selling 360 shares during the period. Callan Family Office LLC's holdings in Booking were worth $1,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the fourth quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new stake in shares of Booking in the first quarter valued at about $41,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $50,000. North Capital Inc. acquired a new stake in shares of Booking in the first quarter valued at about $46,000. Finally, Mechanics Financial Corp acquired a new stake in shares of Booking in the first quarter valued at about $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on BKNG shares. Bank of America raised their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Robert W. Baird raised their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Barclays lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Stock Down 0.6%

Shares of NASDAQ BKNG traded down $30.48 during trading on Friday, reaching $5,454.29. 157,977 shares of the stock were exchanged, compared to its average volume of 205,158. The business's 50-day moving average price is $5,558.84 and its 200 day moving average price is $5,123.66. Booking Holdings Inc. has a twelve month low of $3,592.28 and a twelve month high of $5,839.41. The company has a market capitalization of $176.77 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the previous year, the company posted $41.90 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value 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. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 3,039 shares of company stock valued at $16,963,769 over the last 90 days. Corporate insiders own 0.16% of the company's stock.

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.