PKO Investment Management Joint Stock Co Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

PKO Investment Management Joint Stock Co bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 500 shares of the business services provider's stock, valued at approximately $2,303,000.

A number of other institutional investors also recently bought and sold shares of BKNG. Summit Securities Group LLC bought a new position in Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new position in shares of Booking in the fourth quarter valued at about $35,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking in the fourth quarter valued at about $40,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Booking in the fourth quarter valued at about $50,000. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of BKNG traded down $14.79 during mid-day trading on Wednesday, reaching $5,286.26. 181,011 shares of the company's stock traded hands, compared to its average volume of 247,699. The stock has a market cap of $172.01 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.65 and a beta of 1.41. The stock's 50-day moving average is $5,136.52 and its two-hundred day moving average is $4,943.85. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) 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 analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. Booking's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $20.39 earnings per share. Research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 dividend yield of 0.73%. Booking's payout ratio is 23.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. UBS Group lowered their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley decreased their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,388.37.

Insider Activity at Booking

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

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.