Sumitomo Mitsui Trust Group Inc. Has $477.21 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,585 shares of the business services provider's stock after acquiring an additional 79 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.32% of Booking worth $477,207,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Kingswood Wealth Advisors LLC increased its position in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP bought a new stake in shares of Booking in the 4th quarter worth approximately $15,054,000. Sequoia Financial Advisors LLC raised its holdings in shares of Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after purchasing an additional 153 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in shares of Booking in the 4th quarter worth approximately $994,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock worth $1,043,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

BKNG stock opened at $5,693.13 on Friday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,711.48. The firm has a 50-day moving average of $5,274.77 and a 200 day moving average of $4,957.07. The company has a market cap of $185.25 billion, a P/E ratio of 35.42, a PEG ratio of 1.74 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the prior year, the company posted $20.39 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is 23.89%.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Monday, June 16th. The shares were 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. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BKNG shares. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald decreased their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group decreased their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JMP Securities upped their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird upped their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,388.37.

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.

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