OneDigital Investment Advisors LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464 shares of the business services provider's stock after selling 183 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Booking were worth $2,136,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Booking in the fourth quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking in the 4th quarter valued at about $40,000. Alpine Bank Wealth Management purchased a new position in shares of Booking in the 1st quarter valued at about $41,000. Finally, North Capital Inc. purchased a new position in shares of Booking in the 1st quarter valued at about $46,000. 92.42% of the stock is owned by institutional investors and hedge funds.
Booking Trading Down 1.3%
BKNG traded down $76.41 during midday trading on Tuesday, hitting $5,739.51. The company's stock had a trading volume of 45,051 shares, compared to its average volume of 247,778. The firm has a market cap of $186.76 billion, a P/E ratio of 35.71, a PEG ratio of 1.76 and a beta of 1.40. The firm has a 50-day moving average price of $5,397.96 and a two-hundred day moving average price of $4,980.35. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,825.00.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the firm earned $20.39 earnings per share. Booking's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid 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 0.67%. Booking's dividend payout ratio is presently 23.89%.
Insider Activity
In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on BKNG shares. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. B. Riley raised their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley dropped their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald dropped their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.
Read Our Latest Research Report on Booking
About Booking
(
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.
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