Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 142.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,452 shares of the business services provider's stock after acquiring an additional 1,441 shares during the quarter. SteelPeak Wealth LLC's holdings in Booking were worth $11,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its position in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC lifted its position in shares of Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP lifted its position in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Trading Down 0.0%

BKNG traded down $1.41 on Friday, hitting $5,717.10. 150,915 shares of the company's stock traded hands, compared to its average volume of 248,704. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41. The company's 50 day simple moving average is $5,437.75 and its 200-day simple moving average is $4,994.66. The firm has a market cap of $186.03 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for 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 company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 EPS. As a group, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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 issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. 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 report on Monday, April 28th. 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. BMO Capital Markets increased their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, JMP Securities upped their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Ten research 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 company's stock. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average price target of $5,415.00.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 27,646 shares in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Booking Profile

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.