Richard Bernstein Advisors LLC Sells 106 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Richard Bernstein Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 958 shares of the business services provider's stock after selling 106 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Booking were worth $4,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Covestor Ltd lifted its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after buying an additional 2 shares during the period. SageView Advisory Group LLC increased its position in Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after buying an additional 2 shares in the last quarter. Belpointe Asset Management LLC increased its position in Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP boosted its stake in Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after purchasing an additional 2 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Booking by 6.5% during the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock valued at $243,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Booking Stock Performance

Shares of Booking stock traded up $99.12 during trading hours on Monday, hitting $5,815.92. The company's stock had a trading volume of 175,956 shares, compared to its average volume of 248,531. The business has a 50 day moving average price of $5,379.44 and a two-hundred day moving average price of $4,974.98. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,820.00. The company has a market cap of $189.25 billion, a PE ratio of 36.18, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS 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 business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $20.39 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.66%. Booking's dividend payout ratio (DPR) is 23.89%.

Wall Street Analyst Weigh In

Several brokerages have commented on BKNG. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Morgan Stanley dropped their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. UBS Group dropped their price target on 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. Finally, Piper Sandler dropped their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Ten 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 company. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,415.00.

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.