EULAV Asset Management Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

EULAV Asset Management boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,752 shares of the business services provider's stock after acquiring an additional 100 shares during the period. EULAV Asset Management's holdings in Booking were worth $12,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking in the 4th quarter valued at approximately $209,000. Proficio Capital Partners LLC boosted its holdings in Booking by 25.2% in the 4th quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock valued at $865,000 after purchasing an additional 35 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Booking by 36.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 93 shares of the business services provider's stock valued at $462,000 after purchasing an additional 25 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Booking by 1.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 215 shares of the business services provider's stock valued at $1,068,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Up 1.7%

Shares of BKNG stock traded up $99.12 on Monday, reaching $5,815.92. 175,956 shares of the stock were exchanged, compared to its average volume of 248,531. The stock has a market cap of $189.25 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. The firm has a 50 day moving average of $5,379.44 and a two-hundred day moving average of $4,974.98. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,820.00.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued 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 dividend yield of 0.66%. Booking's payout ratio is 23.89%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on BKNG. BMO Capital Markets lifted their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price target 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 boosted their price target on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

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.