Mutual Advisors LLC Trims Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mutual Advisors LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 249 shares of the business services provider's stock after selling 147 shares during the period. Mutual Advisors LLC's holdings in Booking were worth $1,206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. Covestor Ltd lifted its holdings in shares of Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP lifted its holdings in shares of Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Booking by 6.5% in the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.4%

BKNG traded up $20.73 during trading hours on Friday, hitting $5,722.49. The stock had a trading volume of 131,159 shares, compared to its average volume of 248,822. The company's fifty day simple moving average is $5,379.44 and its 200 day simple moving average is $4,975.02. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,799.01. The stock has a market cap of $186.21 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the firm posted $20.39 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect 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 was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio (DPR) is currently 23.89%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Robert W. Baird increased their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company increased their target price on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald dropped their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Ten equities 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 sale, the chief executive officer owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

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.