Montecito Bank & Trust Has $1.68 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Montecito Bank & Trust grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 364 shares of the business services provider's stock after buying an additional 52 shares during the quarter. Montecito Bank & Trust's holdings in Booking were worth $1,677,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BKNG. Northstar Group Inc. boosted its holdings in Booking by 0.6% in the 1st quarter. Northstar Group Inc. now owns 1,178 shares of the business services provider's stock worth $5,427,000 after acquiring an additional 7 shares during the period. Mission Wealth Management LP lifted its position in shares of Booking by 117.8% during the first quarter. Mission Wealth Management LP now owns 477 shares of the business services provider's stock worth $2,195,000 after purchasing an additional 258 shares in the last quarter. Citadel Investment Advisory Inc. boosted its stake in shares of Booking by 3.0% in the first quarter. Citadel Investment Advisory Inc. now owns 615 shares of the business services provider's stock valued at $2,833,000 after purchasing an additional 18 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Booking by 7.4% in the first quarter. Bank Pictet & Cie Europe AG now owns 1,825 shares of the business services provider's stock valued at $8,408,000 after purchasing an additional 125 shares during the period. Finally, Optas LLC grew its holdings in Booking by 6.4% during the 1st quarter. Optas LLC now owns 117 shares of the business services provider's stock valued at $539,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer now directly owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BKNG shares. Royal Bank Of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Piper Sandler reduced their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. JMP Securities lifted their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Finally, Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Trading Down 0.3%

BKNG stock traded down $14.79 during trading on Thursday, hitting $5,286.26. The company had a trading volume of 181,011 shares, compared to its average volume of 247,699. The business has a 50 day moving average of $5,149.92 and a 200 day moving average of $4,946.21. The firm has a market capitalization of $172.01 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.65 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last posted 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. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period last year, the firm posted $20.39 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Booking 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.