Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Lifted by World Investment Advisors

World Investment Advisors grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,604 shares of the business services provider's stock after acquiring an additional 161 shares during the quarter. World Investment Advisors' holdings in Booking were worth $11,995,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC raised its position in shares of Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after purchasing an additional 2 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after buying an additional 2 shares during the period. Elequin Capital LP boosted its position in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after buying an additional 2 shares during the period. Finally, Harbour Investments Inc. raised its position in Booking by 6.5% during the fourth quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock valued at $243,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.

Booking Price Performance

BKNG opened at $5,722.49 on Friday. The company has a 50 day simple moving average of $5,379.44 and a two-hundred day simple moving average of $4,974.80. The firm has a market cap of $186.21 billion, a P/E ratio of 35.60, a PEG ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,799.01.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $20.39 earnings per share. Equities 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. Stockholders of record on Friday, June 6th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on BKNG. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Morgan Stanley cut their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research report on Friday, April 4th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, JMP Securities lifted their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5,388.37.

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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