Brown Advisory Inc. Has $539.14 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Brown Advisory Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,028 shares of the business services provider's stock after acquiring an additional 1,297 shares during the quarter. Brown Advisory Inc. owned approximately 0.36% of Booking worth $539,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Brighton Jones LLC raised its position in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking during the fourth quarter worth $209,000. Proficio Capital Partners LLC increased its holdings in Booking by 25.2% in the fourth quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock valued at $865,000 after purchasing an additional 35 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Booking by 1.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 215 shares of the business services provider's stock valued at $1,068,000 after purchasing an additional 4 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in Booking by 5.5% in the fourth quarter. AlphaQuest LLC now owns 270 shares of the business services provider's stock valued at $1,341,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Up 0.7%

Shares of BKNG traded up $39.46 during midday trading on Thursday, hitting $5,707.50. The company's stock had a trading volume of 115,329 shares, compared to its average volume of 248,467. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company's fifty day simple moving average is $5,425.41 and its two-hundred day simple moving average is $4,990.14. The stock has a market capitalization of $185.72 billion, a price-to-earnings ratio of 35.51, 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 earnings per share (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 last year, the company posted $20.39 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued 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 of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is 23.89%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. B. Riley upped their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. 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. Bank of America increased 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. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5,415.00.

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.