Concurrent Investment Advisors LLC Purchases 106 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Concurrent Investment Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 76.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245 shares of the business services provider's stock after purchasing an additional 106 shares during the period. Concurrent Investment Advisors LLC's holdings in Booking were worth $1,129,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its position in Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after acquiring an additional 39 shares during the last quarter. Point72 Europe London LLP acquired a new position in Booking during the 4th quarter valued at about $15,054,000. Sequoia Financial Advisors LLC boosted its stake in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Booking in the 4th quarter worth approximately $994,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Piper Sandler dropped their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. raised their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. B. Riley raised their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald cut their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Ten research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5,415.00.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer owned 27,646 shares in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Booking Price Performance

Booking stock traded down $1.41 during mid-day trading on Friday, reaching $5,717.10. 150,915 shares of the company were exchanged, compared to its average volume of 248,909. The company has a fifty day simple moving average of $5,448.04 and a 200-day simple moving average of $4,998.76. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,839.41. The firm has a market cap of $186.03 billion, a PE ratio of 35.57, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the company posted $20.39 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

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.