State of Alaska Department of Revenue Buys 100 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

State of Alaska Department of Revenue increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,876 shares of the business services provider's stock after acquiring an additional 100 shares during the quarter. State of Alaska Department of Revenue's holdings in Booking were worth $17,856,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in Booking by 521,609.7% during 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 buying an additional 2,362,892 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after acquiring an additional 864,406 shares during the period. Geode Capital Management LLC lifted its position in shares of Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after acquiring an additional 6,009 shares during the period. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth $1,958,352,000. Finally, Northern Trust Corp increased its position in shares of Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler decreased their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup upped their target price on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Barclays raised their target price on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer now owns 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 document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Booking Stock Down 0.3%

Shares of NASDAQ BKNG traded down $14.79 during trading on Thursday, reaching $5,286.26. The company had a trading volume of 181,011 shares, compared to its average volume of 247,699. The stock has a market cap of $172.01 billion, a P/E ratio of 32.89, a PEG ratio of 1.64 and a beta of 1.41. The company's fifty day moving average price is $5,165.75 and its 200-day moving average price is $4,946.64. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70.

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 the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analysts' expectations 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 was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $20.39 earnings per share. As a group, equities analysts predict 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 will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is presently 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.