Marathon Asset Management Ltd trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 51.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,896 shares of the business services provider's stock after selling 6,288 shares during the period. Marathon Asset Management Ltd's holdings in Booking were worth $27,161,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in BKNG. Summit Securities Group LLC purchased a new position in shares of Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the 4th quarter worth $30,000. Promus Capital LLC purchased a new position in shares of Booking in the 4th quarter worth $35,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking in the 4th quarter worth $40,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Booking in the 1st quarter worth $41,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on BKNG shares. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. B. Riley raised their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald decreased their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley decreased their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Bank of America raised their target price on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5,388.37.
View Our Latest Analysis on BKNG
Insider Transactions at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, June 16th. The stock was 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 trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.
Booking Price Performance
Shares of BKNG stock traded up $97.13 during trading hours on Friday, hitting $5,693.13. The stock had a trading volume of 297,425 shares, compared to its average volume of 248,126. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,711.48. The stock's 50-day moving average price is $5,274.77 and its two-hundred day moving average price is $4,954.74. The stock has a market capitalization of $185.25 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.77 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the firm posted $20.39 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.
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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