Booking Holdings Inc. (NASDAQ:BKNG) Position Trimmed by CCM Investment Advisers LLC

CCM Investment Advisers LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,314 shares of the business services provider's stock after selling 140 shares during the quarter. Booking comprises about 2.4% of CCM Investment Advisers LLC's investment portfolio, making the stock its 8th largest holding. CCM Investment Advisers LLC's holdings in Booking were worth $19,877,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Booking by 521,609.7% during the first 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 last quarter. Proficio Capital Partners LLC increased its position in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after purchasing an additional 6,009 shares during the last quarter. Norges Bank purchased a new stake in shares of Booking during the 4th quarter valued at $1,958,352,000. Finally, Northern Trust Corp boosted its position in shares of 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 purchasing an additional 58,357 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of Booking stock traded down $163.57 on Friday, hitting $5,298.38. The company's stock had a trading volume of 261,976 shares, compared to its average volume of 247,722. The company has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The firm has a fifty day moving average price of $5,098.72 and a 200-day moving average price of $4,942.15.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $20.39 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is presently 23.89%.

Analyst Ratings Changes

Several research analysts recently issued reports on BKNG shares. Piper Sandler reduced their target price on 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. B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. UBS Group decreased their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Bank of America boosted their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Ten 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.