Larson Financial Group LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Larson Financial Group LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 60.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208 shares of the business services provider's stock after acquiring an additional 78 shares during the quarter. Larson Financial Group LLC's holdings in Booking were worth $957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. grew its stake in Booking by 3.1% in the first quarter. Whittier Trust Co. now owns 623 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 19 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Booking by 1.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,154 shares of the business services provider's stock valued at $51,424,000 after purchasing an additional 186 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Booking by 5.4% in the first quarter. SBI Securities Co. Ltd. now owns 78 shares of the business services provider's stock valued at $359,000 after purchasing an additional 4 shares during the last quarter. Apollon Wealth Management LLC grew its stake in Booking by 23.5% in the first quarter. Apollon Wealth Management LLC now owns 893 shares of the business services provider's stock valued at $4,115,000 after purchasing an additional 170 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Booking by 11.7% in the first quarter. Signaturefd LLC now owns 392 shares of the business services provider's stock valued at $1,808,000 after purchasing an additional 41 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.3%

Shares of BKNG stock traded up $18.96 during trading hours on Friday, hitting $5,702.90. 147,049 shares of the company's stock were exchanged, compared to its average volume of 247,877. The firm has a market cap of $185.57 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.73 and a beta of 1.40. The firm has a 50 day moving average of $5,489.29 and a two-hundred day moving average of $5,016.25. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted 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 firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company earned $20.39 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is currently 23.89%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday. Robert W. Baird boosted their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays restated an "overweight" rating and set a $5,700.00 price target (up previously from $5,600.00) on shares of Booking in a research note on Wednesday. B. Riley boosted their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,453.15.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 3,039 shares of company stock valued at $16,963,769. 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.