Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 845 shares of the business services provider's stock after purchasing an additional 100 shares during the period. Deltec Asset Management LLC's holdings in Booking were worth $3,893,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in shares of Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $35,000. Kapitalo Investimentos Ltda bought a new position in Booking in the fourth quarter worth approximately $40,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Booking during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the subject of several recent research reports. Cantor Fitzgerald reduced their price target 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. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. BMO Capital Markets increased their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler dropped their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group reduced their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $5,388.37.

Booking Trading Up 0.3%

NASDAQ BKNG traded up $17.77 on Friday, reaching $5,304.03. 441,919 shares of the company were exchanged, compared to its average volume of 247,615. The business's fifty day moving average price is $5,180.10 and its 200 day moving average price is $4,945.20. The stock has a market capitalization of $172.59 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm posted $20.39 earnings per share. Booking's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer now owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

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.