Overbrook Management Corp Buys 496 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Overbrook Management Corp increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 28.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,216 shares of the business services provider's stock after acquiring an additional 496 shares during the quarter. Booking comprises about 2.4% of Overbrook Management Corp's portfolio, making the stock its 18th largest holding. Overbrook Management Corp's holdings in Booking were worth $10,209,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Covestor Ltd raised its stake in Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC raised its stake in Booking by 1.6% during the fourth 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 in the last quarter. Belpointe Asset Management LLC raised its stake in Booking by 2.2% during 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 in the last quarter. Elequin Capital LP raised its stake in Booking by 20.0% during 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 in the last quarter. Finally, Harbour Investments Inc. raised its stake in Booking by 6.5% during the fourth quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock valued at $243,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the sale, the chief executive officer now owns 27,646 shares in the company, valued at $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKNG. Robert W. Baird upped their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Finally, Bank of America increased their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.

Booking Price Performance

Shares of Booking stock opened at $5,693.13 on Friday. The firm has a fifty day moving average price of $5,274.77 and a 200 day moving average price of $4,957.07. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,711.48. The stock has a market cap of $185.25 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

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 firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter last year, the company posted $20.39 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. Booking's payout ratio is 23.89%.

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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