M&T Bank Corp Has $52.46 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

M&T Bank Corp cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,387 shares of the business services provider's stock after selling 1,132 shares during the quarter. M&T Bank Corp's holdings in Booking were worth $52,458,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in shares of Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after acquiring an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new position in shares of Booking in the fourth quarter valued at about $15,054,000. Sequoia Financial Advisors LLC grew its stake in shares of Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after acquiring an additional 153 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Booking in the fourth quarter valued at about $994,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Booking by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Shares of NASDAQ:BKNG traded down $102.59 during mid-day trading on Tuesday, reaching $5,713.33. 236,926 shares of the company's stock were exchanged, compared to its average volume of 248,485. The firm has a market capitalization of $185.91 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.76 and a beta of 1.40. The business's fifty day moving average price is $5,397.96 and its 200-day moving average price is $4,980.35. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,825.00.

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, topping analysts' consensus estimates 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%. Booking's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $20.39 earnings per share. Analysts predict that Booking Holdings Inc. will post 209.92 EPS 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. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the transaction, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a report on Monday. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Morgan Stanley cut their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. 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 stock. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,415.00.

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.