Los Angeles Capital Management LLC Raises Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Los Angeles Capital Management LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,014 shares of the business services provider's stock after purchasing an additional 11,966 shares during the quarter. Booking comprises 0.9% of Los Angeles Capital Management LLC's holdings, making the stock its 22nd largest position. Los Angeles Capital Management LLC owned approximately 0.14% of Booking worth $211,982,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in shares of Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking in the fourth quarter worth $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking in the fourth quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new position in Booking in the first quarter worth about $41,000. Finally, North Capital Inc. acquired a new stake in shares of Booking in the first quarter valued at approximately $46,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JMP Securities increased their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on shares of Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. 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 report on Monday, April 28th. Finally, Barclays boosted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5,453.15.

Booking Trading Up 1.5%

BKNG stock traded up $83.91 during trading on Tuesday, reaching $5,761.06. 86,115 shares of the stock were exchanged, compared to its average volume of 247,470. The business has a 50 day moving average price of $5,501.63 and a 200-day moving average price of $5,022.36. The firm has a market capitalization of $187.46 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41.

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, topping analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during 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%. Booking's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $20.39 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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 dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis 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 related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,039 shares of company stock worth $16,963,769 in the last quarter. 0.16% of the stock is currently owned by company insiders.

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.