Booking Holdings Inc. (NASDAQ:BKNG) Position Reduced by Keybank National Association OH

Keybank National Association OH reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,688 shares of the business services provider's stock after selling 221 shares during the period. Keybank National Association OH's holdings in Booking were worth $53,846,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its holdings in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after purchasing an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new stake in Booking in the 4th quarter valued at $15,054,000. Sequoia Financial Advisors LLC increased its holdings in Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in Booking in the 4th quarter valued at $994,000. Finally, Quadrant Capital Group LLC increased its holdings in Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. JMP Securities increased their price target on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research note on Friday, April 4th. Morgan Stanley lowered their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald lowered their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Stock Up 0.4%

BKNG stock traded up $20.73 during midday trading on Friday, reaching $5,722.49. The company had a trading volume of 131,159 shares, compared to its average volume of 248,822. The stock has a 50 day moving average price of $5,379.44 and a 200 day moving average price of $4,975.02. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,799.01. The firm has a market capitalization of $186.21 billion, a PE ratio of 35.60, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released 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 company had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 earnings per share. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.

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 transaction of $5,425,698.91. Following the sale, the chief executive officer owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.