Rational Advisors Inc. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 29.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the business services provider's stock after selling 500 shares during the quarter. Rational Advisors Inc.'s holdings in Booking were worth $5,528,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking in the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking during the 4th quarter worth about $40,000. Alpine Bank Wealth Management acquired a new stake in shares of Booking during the 1st quarter worth about $41,000. Finally, North Capital Inc. bought a new stake in Booking during the 1st quarter worth about $46,000. 92.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on BKNG. Morgan Stanley lowered their price target on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald lowered their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group lowered their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Bank of America upped their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.
Read Our Latest Research Report on Booking
Booking Stock Performance
BKNG traded down $1.41 during midday trading on Friday, hitting $5,717.10. The stock had a trading volume of 150,915 shares, compared to its average volume of 248,909. The company has a market cap of $186.03 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41. The business has a fifty day moving average of $5,448.04 and a 200 day moving average of $4,997.21.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.39 earnings per share. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Insider Activity at Booking
In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 transaction, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. This trade 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 through this hyperlink. 0.16% of the stock is owned by company insiders.
Booking Company Profile
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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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