Mission Wealth Management LP Raises Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mission Wealth Management LP boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 117.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477 shares of the business services provider's stock after acquiring an additional 258 shares during the period. Mission Wealth Management LP's holdings in Booking were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Point72 Europe London LLP acquired a new stake in Booking in the 4th quarter worth approximately $15,054,000. Sequoia Financial Advisors LLC raised its position in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after buying an additional 153 shares during the last quarter. Alberta Investment Management Corp raised its position in Booking by 160.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock worth $6,459,000 after buying an additional 800 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in Booking during the 4th quarter worth approximately $994,000. Finally, CIBC Asset Management Inc raised its position in Booking by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 10,671 shares of the business services provider's stock worth $53,018,000 after buying an additional 231 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of BKNG stock traded down $14.79 on Wednesday, hitting $5,286.26. 181,011 shares of the stock traded hands, compared to its average volume of 247,699. The firm's 50-day moving average price is $5,136.52 and its two-hundred day moving average price is $4,943.85. The stock has a market capitalization of $172.01 billion, a PE ratio of 32.89, a PEG ratio of 1.65 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly 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 firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.73%. Booking's dividend payout ratio (DPR) is currently 23.89%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. UBS Group reduced their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. BMO Capital Markets lifted their target price on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Benchmark lifted their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. 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. According to MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer now directly owns 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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.