OVERSEA CHINESE BANKING Corp Ltd Purchases 186 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,154 shares of the business services provider's stock after acquiring an additional 186 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Booking were worth $51,424,000 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 company. Brighton Jones LLC lifted its position in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking in the fourth quarter worth $209,000. Proficio Capital Partners LLC lifted its position in Booking by 25.2% in the fourth quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock worth $865,000 after buying an additional 35 shares during the last quarter. Choate Investment Advisors lifted its position in Booking by 90.3% in the fourth quarter. Choate Investment Advisors now owns 236 shares of the business services provider's stock worth $1,173,000 after buying an additional 112 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Booking by 198.9% during the fourth quarter. Corient Private Wealth LLC now owns 31,850 shares of the business services provider's stock worth $158,247,000 after purchasing an additional 21,195 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer directly owned 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BKNG shares. 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. B. Riley lifted their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price objective 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. UBS Group decreased their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5,415.00.

Booking Stock Down 0.0%

Shares of NASDAQ:BKNG opened at $5,717.10 on Monday. The business has a fifty day simple moving average of $5,448.04 and a 200 day simple moving average of $4,997.21. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The firm 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.

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 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 firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company posted $20.39 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given 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 payout ratio is 23.89%.

About Booking

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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