Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by CenterBook Partners LP

CenterBook Partners LP grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,678 shares of the business services provider's stock after acquiring an additional 99 shares during the period. Booking accounts for approximately 1.7% of CenterBook Partners LP's holdings, making the stock its 6th largest position. CenterBook Partners LP's holdings in Booking were worth $26,158,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new stake in Booking in the 4th quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new stake in Booking in the 1st quarter valued at about $41,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Booking in the 4th quarter valued at about $50,000. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's 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 transaction, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. Piper Sandler cut their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. B. Riley raised their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird raised their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Finally, BMO Capital Markets raised their target price on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5,449.44.

Booking Price Performance

BKNG traded down $78.24 during trading on Tuesday, hitting $5,687.81. 78,755 shares of the stock traded hands, compared to its average volume of 247,850. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The company has a market cap of $185.08 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.76 and a beta of 1.40. The business has a 50 day moving average price of $5,459.54 and a 200 day moving average price of $5,002.31.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $20.39 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's dividend payout ratio is currently 23.89%.

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.