Cerity Partners LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,326 shares of the business services provider's stock after purchasing an additional 960 shares during the period. Cerity Partners LLC's holdings in Booking were worth $56,779,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Summit Securities Group LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking in the 4th quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in Booking during the fourth quarter worth approximately $40,000. Alpine Bank Wealth Management acquired a new stake in Booking during the first quarter worth approximately $41,000. Finally, North Capital Inc. acquired a new stake in Booking during the first quarter worth approximately $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Down 0.0%
Booking stock traded down $1.41 during mid-day trading on Friday, reaching $5,717.10. 150,915 shares of the company's stock were exchanged, compared to its average volume of 248,704. The business's fifty day simple moving average is $5,448.04 and its 200 day simple moving average is $4,998.76. The firm has a market capitalization of $186.03 billion, a PE ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $20.39 earnings per share. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.
Insider Transactions at Booking
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 completion of the sale, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Bank of America raised their target price on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities raised their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research note on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,415.00.
Read Our Latest Stock Analysis on Booking
About Booking
(
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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