Booking Holdings Inc. (NASDAQ:BKNG) Holdings Increased by Hendershot Investments Inc.

Hendershot Investments Inc. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,567 shares of the business services provider's stock after acquiring an additional 185 shares during the quarter. Booking comprises 4.1% of Hendershot Investments Inc.'s holdings, making the stock its 5th largest position. Hendershot Investments Inc.'s holdings in Booking were worth $30,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in Booking in the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management acquired a new stake in Booking in the first quarter valued at approximately $41,000. Finally, North Capital Inc. acquired a new stake in Booking in the first quarter valued at approximately $46,000. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on BKNG shares. JMP Securities raised their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating and set a $5,700.00 price target (up previously from $5,600.00) on shares of Booking in a report on Wednesday, July 16th. Wells Fargo & Company lifted their target price on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler lowered their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Ten 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,454.26.

Booking Price Performance

Shares of Booking stock traded down $17.73 on Friday, reaching $5,632.27. 171,213 shares of the company traded hands, compared to its average volume of 253,675. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The company has a 50 day moving average of $5,540.17 and a 200 day moving average of $5,042.92. The firm has a market capitalization of $183.27 billion, a PE ratio of 35.04, a PEG ratio of 1.75 and a beta of 1.40.

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 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 prior year, the firm earned $20.39 EPS. The company's revenue was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is currently 23.89%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's 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 transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 3,039 shares of company stock worth $16,963,769. Corporate insiders own 0.16% of the company's stock.

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.