Osborne Partners Capital Management LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Osborne Partners Capital Management LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,413 shares of the business services provider's stock after selling 106 shares during the quarter. Osborne Partners Capital Management LLC's holdings in Booking were worth $11,117,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in 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 acquiring an additional 2 shares during the last quarter. SageView Advisory Group LLC grew its stake in Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after purchasing an additional 2 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after purchasing an additional 2 shares during the period. Elequin Capital LP increased its holdings in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after purchasing an additional 2 shares during the period. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Booking by 4.1% in the fourth quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider's stock worth $379,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald cut their price objective on shares of 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. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Finally, Citigroup increased their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Ten 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 stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Stock Down 0.3%

BKNG stock opened at $5,286.26 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The firm has a 50-day simple moving average of $5,165.75 and a 200-day simple moving average of $4,946.64. The stock has a market capitalization of $172.01 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.64 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 143.67% and a net margin of 22.58%. 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 previous year, the firm posted $20.39 EPS. Booking's revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's 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 transaction, the chief executive officer now directly owns 27,646 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

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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