Envestnet Portfolio Solutions Inc. Acquires 1,315 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Envestnet Portfolio Solutions Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 148.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,198 shares of the business services provider's stock after purchasing an additional 1,315 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Booking were worth $10,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Proficio Capital Partners LLC lifted its position in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC lifted its position in Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the period. Norges Bank bought a new position in Booking in the fourth quarter worth $1,958,352,000. Finally, Northern Trust Corp lifted its position in Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 0.3%

Booking stock opened at $5,286.26 on Friday. The stock has a 50-day simple moving average of $5,165.75 and a 200 day simple moving average of $4,946.64. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70. The stock has a market capitalization of $172.01 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.64 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $20.39 earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. Booking's payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BKNG shares. JMP Securities raised their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Finally, Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,388.37.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.

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