Legacy CG LLC Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Legacy CG LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 18.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 838 shares of the business services provider's stock after acquiring an additional 132 shares during the quarter. Legacy CG LLC's holdings in Booking were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Summit Securities Group LLC acquired a new stake in shares of Booking in the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the 4th quarter valued at $30,000. Promus Capital LLC acquired a new stake in Booking in the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda purchased a new position in Booking in the fourth quarter valued at about $40,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Booking during the first quarter worth about $41,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BKNG shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Piper Sandler lowered their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. BMO Capital Markets lifted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, B. Riley raised their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. 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. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,596.00 on Friday. The company's fifty day moving average is $5,252.37 and its two-hundred day moving average is $4,953.57. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70. The stock has a market capitalization of $182.09 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the firm earned $20.39 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. Booking's payout ratio is currently 23.89%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's 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 transaction, the chief executive officer now owns 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 document filed with the Securities & Exchange Commission, 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.

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