International Assets Investment Management LLC Invests $203,000 in Booking Holdings Inc. (NASDAQ:BKNG)

International Assets Investment Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 44 shares of the business services provider's stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Norges Bank bought a new position in Booking during the 4th quarter worth $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its holdings in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the period. Northern Trust Corp grew its position in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC grew its position in shares of Booking by 132.7% in the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock valued at $440,967,000 after buying an additional 50,605 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BKNG shares. Morgan Stanley lowered their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Robert W. Baird increased their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Bank of America boosted their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5,388.37.

Booking Price Performance

Shares of NASDAQ:BKNG traded up $96.11 during trading on Monday, reaching $5,789.24. 287,685 shares of the stock were exchanged, compared to its average volume of 248,327. The firm has a market cap of $188.38 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. The stock has a fifty day moving average of $5,274.77 and a two-hundred day moving average of $4,952.54. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,899.11.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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. 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 period last year, the company earned $20.39 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. Sell-side 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 paid a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Insiders Place Their Bets

In other Booking 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 transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company's stock.

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.