Inscription Capital LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 125 shares of the business services provider's stock, valued at approximately $576,000.
Several other large investors have also modified their holdings of the business. Summit Securities Group LLC bought a new position in Booking in the 4th quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter worth approximately $30,000. Promus Capital LLC purchased a new position in Booking during the 4th quarter worth $35,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter valued at $40,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of Booking in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
BKNG has been the topic of several research reports. DA Davidson raised their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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 report on Wednesday, April 30th. B. Riley upped their price target 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. Royal Bank Of Canada reissued an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. Finally, BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,388.37.
Check Out Our Latest Research Report on Booking
Insider Transactions at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer now directly owns 27,646 shares in the company, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.
Booking Price Performance
NASDAQ:BKNG traded down $14.79 during midday trading on Thursday, hitting $5,286.26. The company's stock had a trading volume of 181,011 shares, compared to its average volume of 247,699. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The firm's 50 day moving average is $5,149.92 and its 200-day moving average is $4,946.21. The firm has a market cap of $172.01 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.64 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 analysts' expectations of $4.58 billion. During the same quarter last year, the company posted $20.39 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast 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 Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.73%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Booking Company Profile
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Free Report)
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.
Further Reading
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