Mutual Advisors LLC Has $1.21 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Mutual Advisors LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249 shares of the business services provider's stock after selling 147 shares during the quarter. Mutual Advisors LLC's holdings in Booking were worth $1,206,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BKNG. Summit Securities Group LLC acquired a new stake in Booking during the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking during the 4th quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in Booking during the 4th quarter worth approximately $40,000. Alpine Bank Wealth Management acquired a new stake in Booking during the 1st quarter worth approximately $41,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Booking during the 4th quarter worth approximately $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 1.7%

BKNG stock traded up $99.12 during mid-day trading on Monday, reaching $5,815.92. 175,956 shares of the stock traded hands, compared to its average volume of 248,531. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,820.00. The business has a 50-day moving average of $5,379.44 and a two-hundred day moving average of $4,974.98. The firm has a market capitalization of $189.25 billion, a PE ratio of 36.18, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the prior year, the company earned $20.39 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is presently 23.89%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The stock was 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 directly owned 27,646 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a report on Monday. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. B. Riley raised their price target on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. Finally, BMO Capital Markets raised their price target on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $5,415.00.

Booking Company 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.