Lindbrook Capital LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Lindbrook Capital LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 58.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127 shares of the business services provider's stock after acquiring an additional 47 shares during the period. Lindbrook Capital LLC's holdings in Booking were worth $585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Kingswood Wealth Advisors LLC lifted its stake in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after purchasing an additional 39 shares during the last quarter. Point72 Europe London LLP bought a new stake in Booking in the fourth quarter worth $15,054,000. Quadrant Capital Group LLC raised its stake in shares of Booking by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after acquiring an additional 3 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Booking during the first quarter valued at about $203,000. Finally, Perigon Wealth Management LLC raised its stake in shares of Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after acquiring an additional 24 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BKNG shares. BMO Capital Markets boosted their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JMP Securities upped their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. UBS Group cut their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,453.15.

Booking Price Performance

Shares of BKNG stock opened at $5,702.90 on Monday. The company has a market capitalization of $185.57 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company's fifty day moving average price is $5,501.63 and its 200-day moving average price is $5,022.36.

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

Booking Dividend Announcement

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

Booking Company 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.