OneAscent Family Office LLC Purchases New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

OneAscent Family Office LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 127 shares of the business services provider's stock, valued at approximately $592,000.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. GAMMA Investing LLC lifted its position in Booking by 521,609.7% during the first 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. Norges Bank acquired a new position in shares of Booking in the fourth quarter valued at approximately $1,958,352,000. Arrowstreet Capital Limited Partnership increased its position in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after purchasing an additional 95,308 shares during the period. Northern Trust Corp boosted its holdings in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares in the last quarter. Finally, Winslow Capital Management LLC boosted its holdings in shares of Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after buying an additional 50,605 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.6%

Shares of Booking stock traded down $33.03 during trading on Wednesday, reaching $5,742.50. The company's stock had a trading volume of 55,731 shares, compared to its average volume of 246,909. The company has a market cap of $186.86 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 1.74 and a beta of 1.40. The firm's 50-day moving average is $5,501.63 and its two-hundred day moving average is $5,022.36. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the prior year, the business earned $20.39 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a report on Friday, April 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Morgan Stanley lowered their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, 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 report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5,453.15.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 3,039 shares of company stock worth $16,963,769. Insiders own 0.16% of the company's stock.

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.