Greenleaf Trust Sells 2,266 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Greenleaf Trust lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,074 shares of the business services provider's stock after selling 2,266 shares during the quarter. Greenleaf Trust's holdings in Booking were worth $14,162,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. acquired a new stake in shares of Booking during the first quarter worth about $295,000. Personal CFO Solutions LLC grew its position in shares of Booking by 22.2% in the 1st quarter. Personal CFO Solutions LLC now owns 66 shares of the business services provider's stock valued at $304,000 after acquiring an additional 12 shares during the period. Valeo Financial Advisors LLC increased its position in Booking by 2.4% during the first quarter. Valeo Financial Advisors LLC now owns 297 shares of the business services provider's stock worth $1,367,000 after buying an additional 7 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in Booking by 6.3% in the 1st quarter. Stratos Wealth Advisors LLC now owns 51 shares of the business services provider's stock valued at $237,000 after acquiring an additional 3 shares during the period. Finally, Stratos Investment Management LLC raised its position in shares of Booking by 20.0% in the first quarter. Stratos Investment Management LLC now owns 2,002 shares of the business services provider's stock valued at $9,224,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. Cantor Fitzgerald decreased their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. UBS Group dropped their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. B. Riley increased their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,415.00.

Insider Activity

In other Booking 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 transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer owned 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Booking Trading Down 0.8%

BKNG traded down $45.29 during trading on Wednesday, reaching $5,668.04. 185,039 shares of the company's stock were exchanged, compared to its average volume of 248,587. The firm has a fifty day moving average price of $5,414.04 and a two-hundred day moving average price of $4,985.44. The stock has a market capitalization of $184.44 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41.

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, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the business earned $20.39 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect 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 dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. Booking's dividend payout ratio is currently 23.89%.

Booking 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.