Booking Holdings Inc. (NASDAQ:BKNG) Stake Boosted by Oxbow Advisors LLC

Oxbow Advisors LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,042 shares of the business services provider's stock after purchasing an additional 75 shares during the quarter. Oxbow Advisors LLC's holdings in Booking were worth $4,801,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BKNG. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Booking during the fourth quarter worth approximately $209,000. Proficio Capital Partners LLC boosted its position in shares of Booking by 25.2% during the fourth quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock worth $865,000 after buying an additional 35 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Booking by 21.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 897 shares of the business services provider's stock worth $4,456,000 after buying an additional 158 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in shares of Booking by 6.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 142 shares of the business services provider's stock worth $706,000 after buying an additional 8 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Booking stock opened at $5,717.10 on Friday. The company has a market capitalization of $186.03 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company's fifty day moving average price is $5,448.04 and its two-hundred day moving average price is $4,997.90.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly 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 company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the prior year, the company earned $20.39 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $9.60 dividend. 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 payout ratio is presently 23.89%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated 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 owned 27,646 shares in the company, valued at approximately $148,073,911.22. This trade represents 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 hyperlink. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. BMO Capital Markets upped their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Ten equities 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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