CCM Investment Group LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,111 shares of the business services provider's stock, valued at approximately $5,149,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking during the fourth quarter worth about $40,000. Alpine Bank Wealth Management purchased a new position in Booking during the first quarter worth approximately $41,000. North Capital Inc. purchased a new position in Booking during the first quarter worth approximately $46,000. Mechanics Financial Corp purchased a new position in Booking during the first quarter worth approximately $46,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Booking during the fourth quarter worth approximately $50,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 3,039 shares of company stock valued at $16,963,769. 0.16% of the stock is currently owned by corporate insiders.
Booking Stock Performance
Shares of Booking stock traded down $13.62 during trading on Wednesday, hitting $5,447.92. 187,309 shares of the stock were exchanged, compared to its average volume of 251,597. The stock's fifty day moving average is $5,565.94 and its 200 day moving average is $5,107.65. The stock has a market cap of $176.57 billion, a PE ratio of 37.89, a P/E/G ratio of 1.55 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,557.64 and a 12 month high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $41.90 earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio is presently 26.71%.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup lifted their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.
Check Out Our Latest Stock Report on BKNG
Booking Company Profile
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Free Report)
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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