Novare Capital Management LLC Sells 55 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Novare Capital Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 412 shares of the business services provider's stock after selling 55 shares during the period. Novare Capital Management LLC's holdings in Booking were worth $1,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings 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 purchasing an additional 2,362,892 shares during the period. Geode Capital Management LLC raised its holdings in shares of Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the period. Norges Bank bought a new stake in shares of Booking in the 4th quarter worth approximately $1,958,352,000. Northern Trust Corp raised its holdings in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the period. Finally, Sanders Capital LLC raised its holdings in shares of Booking by 1.4% in the 4th quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after purchasing an additional 3,926 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.4%

Shares of NASDAQ:BKNG traded up $20.73 on Friday, reaching $5,722.49. 131,159 shares of the company traded hands, compared to its average volume of 248,822. The business's 50-day simple moving average is $5,379.44 and its 200 day simple moving average is $4,974.80. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,799.01. The stock has a market capitalization of $186.21 billion, a P/E ratio of 29.75, 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 (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same period last year, the firm earned $20.39 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BKNG shares. Piper Sandler lowered their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Bank of America boosted their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. JMP Securities boosted their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Robert W. Baird boosted their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, UBS Group lowered their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $5,388.37.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.