Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,028 shares of the business services provider's stock after purchasing 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.

Several other hedge funds have also recently modified their holdings of the business. Covestor Ltd boosted its holdings in shares of Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after buying an additional 2 shares in the last quarter. SageView Advisory Group LLC lifted its position in Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP grew its holdings in 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 purchasing an additional 2 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Booking by 6.5% during the fourth quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ BKNG traded down $1.41 on Friday, hitting $5,717.10. The company had a trading volume of 150,915 shares, compared to its average volume of 248,704. The company's fifty day moving average price is $5,448.04 and its 200-day moving average price is $4,998.76. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The company has a market capitalization of $186.03 billion, a PE ratio of 35.57, a PEG 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 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 for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company posted $20.39 EPS. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 of this dividend was Friday, June 6th. Booking's payout ratio is 23.89%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKNG shares. Morgan Stanley lowered their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. UBS Group dropped their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. BMO Capital Markets lifted their target price on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler dropped their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.

Insider Buying and Selling

In other Booking 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 value of $5,425,698.91. Following the transaction, the chief executive officer owned 27,646 shares in the company, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

About Booking

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.