Gibraltar Capital Management Inc. Sells 284 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Gibraltar Capital Management Inc. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,546 shares of the business services provider's stock after selling 284 shares during the period. Booking accounts for 1.5% of Gibraltar Capital Management Inc.'s portfolio, making the stock its 24th biggest position. Gibraltar Capital Management Inc.'s holdings in Booking were worth $7,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new position in Booking during the 4th quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new position in Booking during the 1st quarter valued at about $41,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Booking during the 4th quarter valued at about $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BKNG shares. JMP Securities raised their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Piper Sandler reduced their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets raised their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,415.00.

Booking Trading Down 0.6%

NASDAQ BKNG traded down $32.33 during trading on Wednesday, reaching $5,681.00. The company's stock had a trading volume of 84,258 shares, compared to its average volume of 248,214. The stock has a market capitalization of $184.86 billion, a PE ratio of 35.41, a PEG ratio of 1.79 and a beta of 1.40. The business has a 50-day moving average price of $5,414.04 and a 200-day moving average price of $4,985.44. 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 posted its 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 firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $20.39 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio is 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.