Envestnet Asset Management Inc. Purchases 2,980 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Envestnet Asset Management Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,957 shares of the business services provider's stock after buying an additional 2,980 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Booking worth $257,787,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its stake in Booking by 15.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 23 shares of the business services provider's stock valued at $106,000 after buying an additional 3 shares during the period. Crew Capital Management Ltd. increased its stake in Booking by 6.8% during the 1st quarter. Crew Capital Management Ltd. now owns 172 shares of the business services provider's stock valued at $792,000 after buying an additional 11 shares during the period. Cloud Capital Management LLC acquired a new position in Booking during the 1st quarter valued at about $55,000. Concurrent Investment Advisors LLC increased its stake in Booking by 76.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 245 shares of the business services provider's stock valued at $1,129,000 after buying an additional 106 shares during the period. Finally, World Investment Advisors boosted its position in shares of Booking by 6.6% during the 1st quarter. World Investment Advisors now owns 2,604 shares of the business services provider's stock valued at $11,995,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler decreased their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. UBS Group decreased their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Robert W. Baird lifted their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.

Insider Transactions at Booking

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 value of $5,425,698.91. Following the sale, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Booking Stock Down 1.8%

BKNG traded down $102.59 during trading on Tuesday, reaching $5,713.33. 236,926 shares of the company's stock were exchanged, compared to its average volume of 263,477. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The business has a 50 day moving average price of $5,397.96 and a 200 day moving average price of $4,980.35. The company has a market capitalization of $185.91 billion, a P/E ratio of 35.54, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share 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 business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm earned $20.39 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. Booking's payout ratio is presently 23.89%.

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.