Mutual of America Capital Management LLC Has $20.79 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mutual of America Capital Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,512 shares of the business services provider's stock after selling 140 shares during the quarter. Mutual of America Capital Management LLC's holdings in Booking were worth $20,786,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its stake in Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares during the period. Point72 Europe London LLP purchased a new stake in shares of Booking in the fourth quarter worth approximately $15,054,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Booking in the fourth quarter worth approximately $994,000. Quadrant Capital Group LLC raised its stake in shares of Booking by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after purchasing an additional 3 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Booking in the first quarter worth approximately $203,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ:BKNG opened at $5,717.10 on Friday. The company has a market cap of $186.03 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40. The stock's fifty day moving average price is $5,448.04 and its two-hundred day moving average price is $4,997.90. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm 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 143.67% and a net margin of 22.58%. The business's quarterly revenue 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, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. Booking's dividend payout ratio is currently 23.89%.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction 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 owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of several analyst reports. Robert W. Baird increased their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Bank of America increased their price objective on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Morgan Stanley lowered their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. UBS Group lowered their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, BMO Capital Markets increased their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

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.

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