LBP AM SA trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,398 shares of the business services provider's stock after selling 114 shares during the period. LBP AM SA's holdings in Booking were worth $15,654,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new position in shares of Booking in the 4th quarter valued at about $40,000. Alpine Bank Wealth Management bought a new position in shares of Booking in the 1st quarter valued at about $41,000. Finally, North Capital Inc. bought a new position in shares of Booking in the 1st quarter valued at about $46,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Price Performance
BKNG stock traded down $1.41 during trading on Friday, reaching $5,717.10. 150,915 shares of the company were exchanged, compared to its average volume of 248,909. The company has a 50-day moving average of $5,448.04 and a two-hundred day moving average of $4,997.90. The company has a market capitalization of $186.03 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $20.39 EPS. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio (DPR) is currently 23.89%.
Insider Transactions at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's 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 value of $5,425,698.91. Following the completion of the transaction, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on BKNG. Cantor Fitzgerald decreased their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Morgan Stanley reduced their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, UBS Group reduced their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Ten investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5,415.00.
Check Out Our Latest Stock Report on Booking
About Booking
(
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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