Choreo LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Choreo LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,379 shares of the business services provider's stock after selling 118 shares during the quarter. Choreo LLC's holdings in Booking were worth $6,352,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BKNG. Summit Securities Group LLC purchased a new stake in Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking during the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda bought a new position in Booking during the 4th quarter worth $40,000. Alpine Bank Wealth Management bought a new position in shares of Booking in the first quarter worth $41,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Booking during the 4th quarter valued at about $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on BKNG shares. BMO Capital Markets raised their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird lifted their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. JMP Securities boosted their price target on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Finally, Truist Financial upped their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $5,454.26.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred 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 approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,039 shares of company stock worth $16,963,769 over the last quarter. 0.16% of the stock is owned by insiders.

Booking Stock Down 0.3%

Shares of NASDAQ:BKNG traded down $17.30 during midday trading on Friday, reaching $5,632.70. The company's stock had a trading volume of 96,261 shares, compared to its average volume of 253,103. The firm has a market capitalization of $183.29 billion, a PE ratio of 35.06, a P/E/G ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The stock has a fifty day moving average of $5,540.17 and a 200 day moving average of $5,042.92.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $20.39 earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal 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 paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.