Patriot Financial Group Insurance Agency LLC Raises Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Patriot Financial Group Insurance Agency LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 974 shares of the business services provider's stock after purchasing an additional 71 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Booking were worth $4,486,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake 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 purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC lifted its position in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP grew its position 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 acquiring an additional 2 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC raised its stake in shares of Booking by 1.4% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 218 shares of the business services provider's stock worth $1,083,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BKNG shares. Barclays raised their price objective on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird raised their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald decreased their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, 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 traded down $56.26 during trading on Monday, hitting $5,558.35. 33,382 shares of the company's stock traded hands, compared to its average volume of 246,504. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The business has a 50-day simple moving average of $4,990.30 and a 200-day simple moving average of $4,931.04. The stock has a market capitalization of $180.87 billion, a P/E ratio of 32.12, a PEG ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $20.39 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.69%. Booking's dividend payout ratio (DPR) 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.