Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its stake in Booking Holdings Inc. by 31.1%, holding 1,527 shares valued at approximately $7 million after selling 689 shares in the first quarter.
• CEO Glenn D. Fogel sold 1,013 shares for over $5.7 million, representing a 3.66% decrease in his holdings, while insiders collectively sold 3,039 shares worth nearly $17 million in the last 90 days.
• Booking's quarterly earnings report showed an EPS of $55.40, exceeding expectations, with a revenue increase of 16% year-over-year, and a dividend of $9.60 per share was announced to be paid on September 30th.

New Age Alpha Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 31.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,527 shares of the business services provider's stock after selling 689 shares during the quarter. New Age Alpha Advisors LLC's holdings in Booking were worth $7,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after acquiring an additional 2,362,892 shares during the period. Northern Trust Corp increased its holdings in Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after acquiring an additional 58,357 shares in the last quarter. Sanders Capital LLC grew its holdings in Booking by 1.4% during the 4th quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock valued at $1,416,318,000 after buying an additional 3,926 shares in the last quarter. Deutsche Bank AG grew its holdings in Booking by 1.6% during the 4th quarter. Deutsche Bank AG now owns 278,063 shares of the business services provider's stock valued at $1,381,534,000 after buying an additional 4,401 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Booking by 0.3% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 136,309 shares of the business services provider's stock valued at $627,963,000 after purchasing an additional 472 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on BKNG. Truist Financial raised their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. DA Davidson boosted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Susquehanna boosted their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, Morgan Stanley set a $5,650.00 target price on Booking and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Price Performance

Shares of Booking stock traded down $104.21 on Thursday, reaching $5,432.10. 200,111 shares of the company were exchanged, compared to its average volume of 197,521. The stock's 50 day moving average price is $5,571.61 and its 200-day moving average price is $5,090.75. The company has a market cap of $176.05 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,307.90 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $41.90 earnings per share. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the sale, the chief executive officer owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. Company 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.