Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,957 shares of the business services provider's stock after selling 49 shares during the quarter. Janney Montgomery Scott LLC's holdings in Booking were worth $9,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after buying an additional 2 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of Booking by 1.6% during 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 grew its position in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP grew its position in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after buying an additional 2 shares in the last quarter. Finally, VisionPoint Advisory Group LLC grew its position in shares of Booking by 4.1% during the 4th quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider's stock worth $379,000 after buying an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.3%

BKNG traded up $17.77 during trading on Friday, hitting $5,304.03. The company's stock had a trading volume of 441,919 shares, compared to its average volume of 247,615. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70. The business's fifty day simple moving average is $5,180.10 and its 200 day simple moving average is $4,945.20. The firm has a market capitalization of $172.59 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 1.65 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 earnings per share. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is currently 23.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BKNG shares. Wall Street Zen raised Booking from a "hold" rating to 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 target on shares of Booking in a research report on Wednesday, April 30th. Wells Fargo & Company increased their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. DA Davidson raised their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, JMP Securities raised their price objective on 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. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

Insider Buying and Selling at Booking

In other 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 value of $5,425,698.91. Following the sale, the chief executive officer now directly owns 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by corporate insiders.

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.