Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,329 shares of the business services provider's stock after acquiring an additional 453 shares during the period. Booking accounts for 0.7% of Mogy Joel R Investment Counsel Inc.'s portfolio, making the stock its 29th largest position. Mogy Joel R Investment Counsel Inc.'s holdings in Booking were worth $10,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in BKNG. GAMMA Investing LLC raised its position in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Norges Bank bought a new position in shares of Booking in the 4th quarter worth $1,958,352,000. Arrowstreet Capital Limited Partnership raised its position in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after acquiring an additional 95,308 shares in the last quarter. Finally, Northern Trust Corp increased its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BKNG shares. Bank of America upped their target price on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. DA Davidson upped their target price on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Finally, Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Ten research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Price Performance

BKNG stock traded down $163.57 during mid-day trading on Friday, reaching $5,298.38. 261,976 shares of the company's stock were exchanged, compared to its average volume of 247,306. The company has a market cap of $172.41 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The stock's 50 day moving average is $5,098.72 and its 200 day moving average is $4,944.08. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $20.39 earnings per share. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. Booking's dividend payout ratio 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.