Private Advisor Group LLC Buys 343 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Private Advisor Group LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,768 shares of the business services provider's stock after purchasing an additional 343 shares during the quarter. Private Advisor Group LLC's holdings in Booking were worth $12,753,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking during the 4th quarter valued at $40,000. Alpine Bank Wealth Management bought a new stake in shares of Booking during the 1st quarter valued at $41,000. Finally, North Capital Inc. acquired a new position in shares of Booking during the 1st quarter worth $46,000. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Piper Sandler lowered their price target 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. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. Cantor Fitzgerald lowered their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. B. Riley boosted their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Bank of America boosted their price target on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,453.15.

Booking Price Performance

Shares of Booking stock traded up $18.96 on Friday, hitting $5,702.90. 147,053 shares of the company's stock traded hands, compared to its average volume of 248,463. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company has a fifty day moving average of $5,501.63 and a two-hundred day moving average of $5,021.69. The company has a market capitalization of $185.57 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.75 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Booking 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.