Cwm LLC Has $15.12 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

CWM LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,283 shares of the business services provider's stock after acquiring an additional 578 shares during the period. CWM LLC's holdings in Booking were worth $15,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TFR Capital LLC. bought a new position in shares of Booking in the first quarter worth approximately $244,000. Dock Street Asset Management Inc. lifted its position in Booking by 3.4% during the first quarter. Dock Street Asset Management Inc. now owns 5,917 shares of the business services provider's stock valued at $27,259,000 after buying an additional 193 shares during the period. Oxbow Advisors LLC lifted its position in Booking by 7.8% during the first quarter. Oxbow Advisors LLC now owns 1,042 shares of the business services provider's stock valued at $4,801,000 after buying an additional 75 shares during the period. Pittenger & Anderson Inc. raised its position in shares of Booking by 3.2% in the 1st quarter. Pittenger & Anderson Inc. now owns 733 shares of the business services provider's stock worth $3,377,000 after purchasing an additional 23 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Booking in the 1st quarter worth about $106,000. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ:BKNG traded down $90.51 during mid-day trading on Tuesday, reaching $5,675.53. The stock had a trading volume of 163,669 shares, compared to its average volume of 248,173. The company has a market capitalization of $184.68 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. The stock's 50 day simple moving average is $5,459.54 and its two-hundred day simple moving average is $5,002.31. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,839.41.

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 (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $20.39 earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. Booking's payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. lifted their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. BMO Capital Markets upped their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley decreased their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird upped their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Ten equities research 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,449.44.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's 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 transaction, the chief executive officer directly owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by 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.