GSA Capital Partners LLP Has $921,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• GSA Capital Partners LLP reduced its stake in Booking Holdings Inc. by 39.9%, now holding 200 shares valued at $921,000, following a sale of 133 shares.
• Several institutional investors made significant adjustments to their positions in BKNG, with GAMMA Investing LLC increasing their holdings by over 521,609%, now owning approximately 2.36 million shares worth nearly $10.89 billion.
• Booking has announced a quarterly dividend of $9.60 per share, with a total annualized dividend of $38.40, resulting in a 0.7% yield.

GSA Capital Partners LLP decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 39.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200 shares of the business services provider's stock after selling 133 shares during the period. GSA Capital Partners LLP's holdings in Booking were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Covestor Ltd grew its holdings 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 buying an additional 2 shares during the last quarter. SageView Advisory Group LLC grew its stake in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after buying an additional 2 shares in the last quarter. Belpointe Asset Management LLC boosted its position in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares during the period. Elequin Capital LP boosted its position in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after buying an additional 2 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares during the period. Institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. B. Riley restated a "buy" rating and set a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday. Piper Sandler restated a "neutral" rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday. DA Davidson lifted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Price Performance

Shares of NASDAQ BKNG traded down $117.77 during midday trading on Friday, reaching $5,386.29. 199,536 shares of the company traded hands, compared to its average volume of 184,546. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The stock has a 50-day moving average price of $5,568.80 and a 200 day moving average price of $5,076.22. The company has a market cap of $174.57 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.56 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. Booking's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $41.90 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is 26.71%.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 3,039 shares of company stock worth $16,963,769. Insiders own 0.16% of the company's stock.

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.