Mirae Asset Global Investments Co. Ltd. Has $53.15 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,468 shares of the business services provider's stock after acquiring an additional 529 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Booking were worth $53,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its position in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter valued at $209,000. IFP Advisors Inc increased its stake in shares of Booking by 15.9% in the 4th quarter. IFP Advisors Inc now owns 73 shares of the business services provider's stock valued at $361,000 after buying an additional 10 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at $65,000. Finally, QRG Capital Management Inc. increased its stake in shares of Booking by 16.7% in the 4th quarter. QRG Capital Management Inc. now owns 868 shares of the business services provider's stock valued at $4,313,000 after buying an additional 124 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on BKNG. Wells Fargo & Company lifted their price objective on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. B. Riley lifted their price objective 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. Morgan Stanley decreased their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's 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 of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company's stock.

Booking Trading Up 1.7%

NASDAQ:BKNG traded up $97.13 on Friday, hitting $5,693.13. The company's stock had a trading volume of 297,425 shares, compared to its average volume of 248,126. The stock has a fifty day moving average of $5,274.77 and a two-hundred day moving average of $4,954.74. The firm has a market capitalization of $185.25 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,711.48.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (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 analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $20.39 earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is currently 23.89%.

About Booking

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.