Consolidated Portfolio Review Corp Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Consolidated Portfolio Review Corp lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 83.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 81 shares of the business services provider's stock after selling 412 shares during the period. Consolidated Portfolio Review Corp's holdings in Booking were worth $373,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking during the 4th quarter valued at $209,000. Sigma Planning Corp boosted its stake in shares of Booking by 2.2% in the 4th quarter. Sigma Planning Corp now owns 138 shares of the business services provider's stock worth $686,000 after buying an additional 3 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Booking by 49.5% in the fourth quarter. Wealthspire Advisors LLC now owns 166 shares of the business services provider's stock worth $825,000 after acquiring an additional 55 shares during the period. Finally, IFP Advisors Inc increased its position in Booking by 15.9% during the fourth quarter. IFP Advisors Inc now owns 73 shares of the business services provider's stock valued at $361,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,482.23 on Wednesday. The company has a market cap of $178.39 billion, a P/E ratio of 34.11, a P/E/G ratio of 1.66 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70. The firm's fifty day moving average is $5,213.02 and its two-hundred day moving average is $4,946.78.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during 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%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $20.39 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is 23.89%.

Insider Transactions at Booking

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

Wall Street Analyst Weigh In

BKNG has been the topic of several research reports. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research report on Friday, April 4th. Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Cantor Fitzgerald decreased their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

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.

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