Dock Street Asset Management Inc. Raises Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Dock Street Asset Management Inc. lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,917 shares of the business services provider's stock after buying an additional 193 shares during the period. Booking comprises 3.2% of Dock Street Asset Management Inc.'s holdings, making the stock its 12th largest position. Dock Street Asset Management Inc.'s holdings in Booking were worth $27,259,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its holdings in Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after purchasing an additional 39 shares in the last quarter. Point72 Europe London LLP bought a new position in Booking during the 4th quarter worth about $15,054,000. Catalyst Funds Management Pty Ltd bought a new position in Booking during the 4th quarter worth about $994,000. Quadrant Capital Group LLC increased its holdings in Booking by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after purchasing an additional 3 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Booking during the 1st quarter worth about $203,000. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 value of $5,425,698.91. Following the transaction, the chief executive officer owned 27,646 shares in the company, valued at $148,073,911.22. This trade represents 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 through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Booking Stock Up 0.9%

NASDAQ:BKNG traded up $48.94 on Monday, hitting $5,766.04. The stock had a trading volume of 134,108 shares, compared to its average volume of 248,451. The business's fifty day moving average is $5,448.04 and its 200 day moving average is $4,997.21. The company has a market cap of $187.63 billion, a PE ratio of 35.87, a P/E/G ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41.

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 the consensus estimate 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 negative return on equity of 143.67% and a net margin of 22.58%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.39 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business 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 0.67%. Booking's dividend payout ratio is presently 23.89%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKNG. Wells Fargo & Company raised their price objective on Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Robert W. Baird raised their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. Finally, Piper Sandler decreased their price objective on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,449.44.

Booking Company 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.