Lmcg Investments LLC Sells 49 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Lmcg Investments LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,723 shares of the business services provider's stock after selling 49 shares during the period. Lmcg Investments LLC's holdings in Booking were worth $7,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the 4th quarter worth about $30,000. Promus Capital LLC purchased a new position in Booking during the 4th quarter valued at about $35,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the fourth quarter worth about $40,000. Finally, Roxbury Financial LLC purchased a new stake in Booking in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark lifted their price objective on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. B. Riley increased their target price 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. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research report on Friday, April 4th. Finally, BMO Capital Markets increased 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 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,377.33.

Booking Stock Performance

Shares of Booking stock traded up $44.09 on Friday, hitting $5,614.61. 174,065 shares of the company's stock were exchanged, compared to its average volume of 246,554. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,658.32. The company has a 50-day simple moving average of $4,971.72 and a 200-day simple moving average of $4,929.08. The stock has a market capitalization of $182.70 billion, a PE ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $20.39 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is 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.