Booking Holdings Inc. (NASDAQ:BKNG) Stake Boosted by Truist Financial Corp

Truist Financial Corp increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,461 shares of the business services provider's stock after purchasing an additional 892 shares during the quarter. Truist Financial Corp owned 0.09% of Booking worth $140,333,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at $30,000. Promus Capital LLC acquired a new position in shares of Booking during the fourth quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the fourth quarter valued at $40,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Booking during the first quarter valued at $41,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BKNG. UBS Group reduced their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Morgan Stanley reduced their price target on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Piper Sandler reduced their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Robert W. Baird boosted their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Ten 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Booking Trading Up 0.4%

Shares of Booking stock opened at $5,722.49 on Friday. The company's 50-day moving average price is $5,379.44 and its two-hundred day moving average price is $4,974.80. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,799.01. The stock has a market cap of $186.21 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the business earned $20.39 earnings per share. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS 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 paid 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 yield of 0.67%. Booking's dividend payout ratio is currently 23.89%.

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.

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