Pier 88 Investment Partners LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 28.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,250 shares of the business services provider's stock after selling 500 shares during the period. Booking accounts for approximately 1.1% of Pier 88 Investment Partners LLC's portfolio, making the stock its 25th biggest holding. Pier 88 Investment Partners LLC's holdings in Booking were worth $5,759,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Wesleyan Assurance Society grew its position in shares of Booking by 22.2% during the first quarter. Wesleyan Assurance Society now owns 5,326 shares of the business services provider's stock worth $24,502,000 after buying an additional 966 shares in the last quarter. Nelson Capital Management LLC grew its holdings in Booking by 0.7% in the first quarter. Nelson Capital Management LLC now owns 1,119 shares of the business services provider's stock valued at $5,155,000 after purchasing an additional 8 shares during the last quarter. PFG Advisors boosted its stake in shares of Booking by 14.3% during the first quarter. PFG Advisors now owns 80 shares of the business services provider's stock valued at $369,000 after acquiring an additional 10 shares during the last quarter. Tabor Asset Management LP purchased a new position in Booking during the first quarter worth about $6,850,000. Finally, Clifford Swan Investment Counsel LLC lifted its position in Booking by 0.4% during the first quarter. Clifford Swan Investment Counsel LLC now owns 4,476 shares of the business services provider's stock worth $20,622,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Morgan Stanley cut their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets lifted their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird lifted their target price on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,453.15.
Read Our Latest Research Report on BKNG
Booking Stock Up 0.5%
Shares of NASDAQ:BKNG traded up $25.58 during midday trading on Tuesday, reaching $5,702.73. The company had a trading volume of 43,859 shares, compared to its average volume of 254,855. The business's 50 day moving average price is $5,501.63 and its 200 day moving average price is $5,022.36. The stock has a market cap of $185.57 billion, a PE ratio of 35.48, a P/E/G ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $20.39 earnings per share. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Insider Activity at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 completion of the transaction, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 3,039 shares of company stock valued at $16,963,769. Insiders own 0.16% of the company's stock.
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.
Featured Stories
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
