China Universal Asset Management Co. Ltd. Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

China Universal Asset Management Co. Ltd. lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the business services provider's stock after selling 133 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Booking were worth $6,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Alpha Cubed Investments LLC bought a new stake in shares of Booking during the 1st quarter valued at $217,000. EULAV Asset Management increased its holdings in shares of Booking by 3.8% in the 1st quarter. EULAV Asset Management now owns 2,752 shares of the business services provider's stock worth $12,678,000 after buying an additional 100 shares during the last quarter. Interchange Capital Partners LLC increased its holdings in shares of Booking by 36.1% in the 1st quarter. Interchange Capital Partners LLC now owns 83 shares of the business services provider's stock worth $384,000 after buying an additional 22 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Booking by 16.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,818 shares of the business services provider's stock worth $31,410,000 after purchasing an additional 949 shares during the period. Finally, Callan Capital LLC boosted its stake in shares of Booking by 20.4% during the 1st quarter. Callan Capital LLC now owns 65 shares of the business services provider's stock worth $300,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

NASDAQ BKNG traded down $126.45 during mid-day trading on Tuesday, reaching $5,689.47. 110,401 shares of the stock were exchanged, compared to its average volume of 248,008. The business's 50 day moving average is $5,397.96 and its 200-day moving average is $4,980.35. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,825.00. The company has a market capitalization of $185.14 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.58 billion. During the same period in the prior year, the firm posted $20.39 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday. Ten 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's stock. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction 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 transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.