RFG Advisory LLC Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

RFG Advisory LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419 shares of the business services provider's stock after selling 307 shares during the period. RFG Advisory LLC's holdings in Booking were worth $1,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the 4th quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in Booking in the fourth quarter valued at approximately $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the fourth quarter worth $40,000. Finally, Roxbury Financial LLC bought a new position in shares of Booking in the 4th quarter valued at $42,000. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKNG. Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets lifted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays lifted their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,377.33.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $44.09 during mid-day trading on Friday, hitting $5,614.61. The stock had a trading volume of 174,065 shares, compared to its average volume of 246,554. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,658.32. The firm has a market cap of $182.70 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The business has a 50 day moving average price of $4,971.72 and a two-hundred day moving average price of $4,929.08.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the business posted $20.39 earnings per share. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.

About Booking

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.