Patron Partners LLC Buys 47 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Patron Partners LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 41.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160 shares of the business services provider's stock after acquiring an additional 47 shares during the quarter. Patron Partners LLC's holdings in Booking were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Covestor Ltd boosted 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 purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Booking by 1.6% in 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 during the period. Belpointe Asset Management LLC increased its holdings in Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after acquiring an additional 2 shares during the period. Elequin Capital LP grew its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after buying an additional 2 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Booking by 6.5% in the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Booking 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 transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by company insiders.

Booking Trading Up 1.7%

Shares of BKNG opened at $5,693.13 on Friday. The company has a market cap of $185.25 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.74 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,711.48. The company's fifty day simple moving average is $5,274.77 and its 200-day simple moving average is $4,957.07.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. 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 dividend payout ratio (DPR) is presently 23.89%.

Analyst Ratings Changes

Several brokerages have commented on BKNG. Piper Sandler decreased their price objective on shares of 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 cut their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. BTIG Research raised 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 note on Friday, April 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Finally, JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Ten research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5,388.37.

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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