Stratos Investment Management LLC Has $9.22 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Stratos Investment Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,002 shares of the business services provider's stock after buying an additional 334 shares during the quarter. Stratos Investment Management LLC's holdings in Booking were worth $9,224,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the fourth quarter worth approximately $40,000. Alpine Bank Wealth Management acquired a new position in shares of Booking during the first quarter worth approximately $41,000. Finally, North Capital Inc. acquired a new position in shares of Booking during the first quarter worth approximately $46,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Bank of America upped their price objective on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten equities 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

Booking Stock Up 1.7%

NASDAQ:BKNG opened at $5,815.92 on Tuesday. The business's 50-day moving average price is $5,397.96 and its two-hundred day moving average price is $4,980.35. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,815.92. The stock has a market cap of $189.25 billion, a P/E ratio of 36.18, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. The firm 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 company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $20.39 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.66%. Booking's dividend payout ratio is 23.89%.

Insider Buying and Selling at Booking

In related 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 transaction of $5,425,698.91. Following the transaction, the chief executive officer directly owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

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.

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