Jackson Thornton Wealth Management LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45 shares of the business services provider's stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the fourth quarter valued at $30,000. Promus Capital LLC purchased a new stake in shares of Booking during the fourth quarter valued at $35,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking during the fourth quarter valued at $40,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Booking during the first quarter valued at $41,000. 92.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BKNG. JMP Securities boosted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a report on Friday, April 4th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. 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, JPMorgan Chase & Co. increased their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,388.37.
View Our Latest Stock Analysis on BKNG
Booking Stock Up 0.4%
Shares of BKNG stock traded up $20.73 during mid-day trading on Friday, hitting $5,722.49. 131,159 shares of the stock were exchanged, compared to its average volume of 248,822. The company has a market cap of $186.21 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,799.01. The firm has a fifty day moving average of $5,379.44 and a 200 day moving average of $4,974.80.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $20.39 EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. Booking's payout ratio is 23.89%.
Insider Buying and Selling
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, June 16th. The shares were 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 in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.
Booking 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.
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