Close Asset Management Ltd reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 38.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,306 shares of the business services provider's stock after selling 22,230 shares during the quarter. Booking makes up about 4.6% of Close Asset Management Ltd's holdings, making the stock its 6th largest position. Close Asset Management Ltd owned about 0.11% of Booking worth $162,629,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Norges Bank purchased a new position in shares of Booking in the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after purchasing an additional 95,308 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares in the last quarter. Finally, Winslow Capital Management LLC boosted its holdings in shares of Booking by 132.7% in the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after purchasing an additional 50,605 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BKNG shares. Truist Financial upped their price target on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research report on Monday, July 14th. Piper Sandler cut their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets increased their price target on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group decreased their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Barclays reaffirmed an "overweight" rating and issued a $5,700.00 target price (up from $5,600.00) on shares of Booking in a report on Wednesday, July 16th. Ten research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,454.26.
Check Out Our Latest Research Report on Booking
Booking Stock Down 0.3%
BKNG stock traded down $17.73 during midday trading on Friday, hitting $5,632.27. The company's stock had a trading volume of 170,532 shares, compared to its average volume of 253,330. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The firm has a market capitalization of $183.27 billion, a P/E ratio of 35.04, a PEG ratio of 1.75 and a beta of 1.40. The firm has a 50-day simple moving average of $5,540.17 and a 200-day simple moving average of $5,042.92.
Booking (NASDAQ:BKNG - Get Free Report) last issued 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. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter last year, the company posted $20.39 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. Booking's dividend payout ratio (DPR) is currently 23.89%.
Booking Profile
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Free Report)
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.
Further Reading
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