Premier Fund Managers Ltd cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,895 shares of the business services provider's stock after selling 165 shares during the quarter. Premier Fund Managers Ltd's holdings in Booking were worth $8,787,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Pacer Advisors Inc. increased its stake in Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares during the last quarter. TD Asset Management Inc increased its stake in Booking by 182.2% in the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares during the last quarter. Northern Trust Corp increased its stake in Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC increased its stake in Booking by 132.7% in the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock valued at $440,967,000 after purchasing an additional 50,605 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Booking Trading Down 2.5%
NASDAQ BKNG traded down $136.55 on Friday, hitting $5,367.51. 125,451 shares of the stock traded hands, compared to its average volume of 254,113. The stock has a 50-day moving average of $5,567.73 and a 200 day moving average of $5,070.33. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The company has a market capitalization of $173.96 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the prior year, the firm posted $41.90 earnings per share. Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking's payout ratio is 23.89%.
Analysts Set New Price Targets
BKNG has been the subject of several analyst reports. Citigroup upped their target price on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research note on Wednesday. UBS Group upped their target price on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday. DA Davidson upped their target price on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Benchmark restated a "buy" rating and set a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,781.04.
Read Our Latest Report on Booking
Insider Buying and Selling at Booking
In other news, CEO Glenn D. Fogel sold 1,013 shares of the 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 transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is currently owned by corporate insiders.
About Booking
(
Free Report)
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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