Dupont Capital Management Corp Sells 264 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dupont Capital Management Corp reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,052 shares of the business services provider's stock after selling 264 shares during the quarter. Dupont Capital Management Corp's holdings in Booking were worth $9,453,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BKNG. Summit Securities Group LLC bought a new position in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the fourth quarter valued at $30,000. Promus Capital LLC bought a new position in Booking during the fourth quarter valued at about $35,000. Kapitalo Investimentos Ltda acquired a new position in Booking during the fourth quarter worth about $40,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Booking in the fourth quarter worth about $50,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 2.8%

BKNG traded up $148.81 on Tuesday, hitting $5,482.23. 233,978 shares of the stock traded hands, compared to its average volume of 247,275. The business has a fifty day moving average price of $5,195.63 and a two-hundred day moving average price of $4,943.03. The firm has a market capitalization of $178.39 billion, a PE ratio of 34.11, a P/E/G ratio of 1.65 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the company posted $20.39 earnings per share. Booking's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.70%. Booking's payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research reports. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Wells Fargo & Company raised their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. BMO Capital Markets upped their price target on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. increased their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given 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.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business'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 sale, the chief executive officer now owns 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

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.