Foundations Investment Advisors LLC Sells 105 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Foundations Investment Advisors LLC sold 105 shares of Booking Holdings Inc., reducing its holdings by 26.9%, leaving 286 shares valued at approximately $1.32 million.
• Booking reported quarterly earnings of $55.40 EPS, exceeding analyst expectations of $50.32, alongside revenue of $6.80 billion, marking a year-over-year increase of 16%.
• Analyst ratings for Booking vary, with 10 analysts rating it a hold, 20 a buy, and 3 giving it a strong buy, reflecting mixed outlooks on its stock performance.

Foundations Investment Advisors LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286 shares of the business services provider's stock after selling 105 shares during the period. Foundations Investment Advisors LLC's holdings in Booking were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the period. SageView Advisory Group LLC increased its stake in shares of Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2 shares during the period. Elequin Capital LP increased its stake in shares of Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after acquiring an additional 2 shares during the period. Finally, Fidelis Capital Partners LLC increased its stake in shares of Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BKNG. Evercore ISI lifted their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research report on Wednesday. Truist Financial lifted their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird lifted their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5,781.04.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 3,039 shares of company stock worth $16,963,769 in the last quarter. Company insiders own 0.16% of the company's stock.

Booking Stock Down 2.1%

Booking stock traded down $117.77 during mid-day trading on Friday, hitting $5,386.29. 199,536 shares of the company's stock were exchanged, compared to its average volume of 184,546. The firm has a market capitalization of $174.57 billion, a P/E ratio of 37.46, a PEG ratio of 1.56 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The company's 50 day simple moving average is $5,568.80 and its 200-day simple moving average is $5,076.22.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $41.90 EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is presently 26.71%.

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.