Cornell Pochily Investment Advisors Inc. Invests $1.26 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Cornell Pochily Investment Advisors Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 273 shares of the business services provider's stock, valued at approximately $1,258,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC grew its stake in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after buying an additional 6,009 shares in the last quarter. Norges Bank bought a new stake in shares of Booking during the 4th quarter valued at $1,958,352,000. Finally, Northern Trust Corp increased its position in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKNG. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Robert W. Baird lifted their price target on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays boosted their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, 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. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,388.37.

Booking Stock Down 0.3%

Shares of Booking stock traded down $14.79 on Wednesday, hitting $5,286.26. The stock had a trading volume of 180,371 shares, compared to its average volume of 247,428. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70. The stock's 50-day simple moving average is $5,136.52 and its two-hundred day simple moving average is $4,943.85. The stock has a market cap of $172.01 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.67 and a beta of 1.41.

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. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $20.39 EPS. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is 23.89%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred 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 now directly owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

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.