Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,785 shares of the business services provider's stock after selling 153 shares during the period. Gateway Investment Advisers LLC's holdings in Booking were worth $45,079,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Summit Securities Group LLC purchased a new position in Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the fourth quarter worth approximately $40,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,614.61 on Friday. The stock has a market capitalization of $182.70 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41. The business has a 50-day moving average of $4,990.30 and a two-hundred day moving average of $4,933.48. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $20.39 EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKNG. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price target on shares of 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. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,377.33.

About Booking

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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