Principal Financial Group Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,405 shares of the business services provider's stock after selling 633 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Booking worth $176,928,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the 4th quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of Booking in the 4th quarter worth $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the 4th quarter worth $40,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Booking in the 1st quarter worth $41,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Performance
Shares of Booking stock traded up $20.73 on Friday, hitting $5,722.49. The company's stock had a trading volume of 131,159 shares, compared to its average volume of 248,822. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,799.01. The firm has a fifty day moving average price of $5,379.44 and a 200-day moving average price of $4,975.02. The company has a market capitalization of $186.21 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.
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 for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the business earned $20.39 EPS. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is 23.89%.
Insider Transactions at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the sale, the chief executive officer directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. JMP Securities raised their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research report 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. Wells Fargo & Company raised their target price on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald reduced their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Ten investment 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.
Check Out Our Latest Report on BKNG
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.
Featured Articles
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
