69 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 69 shares of the business services provider's stock, valued at approximately $318,000.

Other large investors also recently modified their holdings of the company. Covestor Ltd grew its holdings in Booking by 6.9% during the fourth 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 period. SageView Advisory Group LLC boosted its position in shares of Booking by 1.6% in 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 period. Belpointe Asset Management LLC boosted its position in shares of Booking by 2.2% in the 4th 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 boosted its position in shares of Booking by 20.0% in the 4th 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, Fidelis Capital Partners LLC boosted its position in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research report on Friday, April 4th. 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 research report on Monday, April 28th. Barclays restated an "overweight" rating and set a $5,700.00 price objective (up from $5,600.00) on shares of Booking in a research report on Wednesday. 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 research report on Monday, April 28th. Finally, B. Riley raised their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,453.15.

Booking Stock Up 0.3%

Shares of NASDAQ:BKNG traded up $18.96 during mid-day trading on Friday, reaching $5,702.90. 147,053 shares of the stock were exchanged, compared to its average volume of 248,463. The company has a market cap of $185.57 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.75 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The stock's 50 day simple moving average is $5,501.63 and its 200-day simple moving average is $5,021.69.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $20.39 earnings per share. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm'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 value of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 3,039 shares of company stock valued at $16,963,769 over the last ninety days. Company 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.