Yacktman Asset Management LP Sells 1,017 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Yacktman Asset Management LP reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 47.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,142 shares of the business services provider's stock after selling 1,017 shares during the period. Yacktman Asset Management LP's holdings in Booking were worth $5,261,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the 4th quarter valued at $209,000. Proficio Capital Partners LLC increased its position in shares of Booking by 25.2% in the 4th quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock valued at $865,000 after buying an additional 35 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Booking by 26.0% in the 4th quarter. Independent Advisor Alliance now owns 920 shares of the business services provider's stock valued at $4,573,000 after buying an additional 190 shares in the last quarter. Finally, Riverbend Wealth Management LLC bought a new stake in shares of Booking in the 4th quarter valued at $927,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 0.0%

BKNG stock traded down $1.41 during mid-day trading on Friday, hitting $5,717.10. 150,915 shares of the company were exchanged, compared to its average volume of 248,627. The business has a 50 day simple moving average of $5,437.75 and a 200-day simple moving average of $4,994.66. The stock has a market capitalization of $186.03 billion, a PE ratio of 35.57, a price-to-earnings-growth 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 issued 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 firm 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 business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $20.39 earnings per share. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $9.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's payout ratio is 23.89%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BKNG shares. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. UBS Group lowered their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, B. Riley increased their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,415.00.

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.