Edgestream Partners L.P. Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Edgestream Partners L.P. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 247.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,905 shares of the business services provider's stock after purchasing an additional 1,356 shares during the period. Edgestream Partners L.P.'s holdings in Booking were worth $8,776,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the 4th quarter worth approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking in the 4th quarter worth approximately $40,000. Alpine Bank Wealth Management purchased a new position in shares of Booking in the 1st quarter worth approximately $41,000. Finally, North Capital Inc. purchased a new position in shares of Booking in the 1st quarter worth approximately $46,000. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In related 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 completion of the transaction, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler cut 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. Wells Fargo & Company lifted their price target on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. Finally, B. Riley lifted their price target 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. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,449.44.

Booking Trading Down 1.6%

Shares of BKNG traded down $90.51 during mid-day trading on Tuesday, reaching $5,675.53. 163,669 shares of the stock traded hands, compared to its average volume of 248,583. The firm has a fifty day moving average price of $5,469.71 and a 200 day moving average price of $5,006.98. The company has a market cap of $184.68 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40. 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 released its quarterly 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 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 period in the previous year, the business earned $20.39 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $9.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.