Gibraltar Capital Management Inc. Has $7.12 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

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

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of 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 acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the 4th quarter valued at about $209,000. Proficio Capital Partners LLC increased its stake in shares of 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 acquiring an additional 35 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of 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 acquiring an additional 25 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of 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 acquiring an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on 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 owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BKNG. Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JMP Securities increased their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, B. Riley increased their target price on Booking from $6,000.00 to $6,100.00 and gave the stock 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 given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,415.00.

Booking Stock Down 1.8%

Shares of NASDAQ BKNG traded down $102.59 during trading hours on Tuesday, hitting $5,713.33. The company had a trading volume of 236,926 shares, compared to its average volume of 248,841. The stock has a market capitalization of $185.91 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,825.00. The firm's 50 day moving average is $5,397.96 and its 200-day moving average is $4,980.35.

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, beating the consensus estimate of $17.57 by $7.24. The company 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 firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $20.39 EPS. On average, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is presently 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.