DAVENPORT & Co LLC Has $2.58 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

DAVENPORT & Co LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 29.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559 shares of the business services provider's stock after purchasing an additional 128 shares during the period. DAVENPORT & Co LLC's holdings in Booking were worth $2,577,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC boosted its holdings in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after purchasing an additional 2 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after acquiring an additional 2 shares during the period. Elequin Capital LP lifted its holdings in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after acquiring an additional 2 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Booking by 6.5% during the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In other Booking 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 in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BKNG. JMP Securities raised their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets raised their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. B. Riley raised their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Ten investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

Booking Price Performance

NASDAQ BKNG traded up $99.12 on Monday, hitting $5,815.92. 175,956 shares of the stock were exchanged, compared to its average volume of 248,531. The business's fifty day moving average is $5,397.96 and its 200 day moving average is $4,980.35. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,820.00. The company has a market capitalization of $189.25 billion, a PE ratio of 36.18, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results 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. 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 analyst estimates of $4.58 billion. During the same period in the prior year, the firm posted $20.39 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio (DPR) is currently 23.89%.

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.