Tabor Asset Management LP Acquires Shares of 1,487 Booking Holdings Inc. (NASDAQ:BKNG)

Tabor Asset Management LP acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,487 shares of the business services provider's stock, valued at approximately $6,850,000. Booking makes up about 1.8% of Tabor Asset Management LP's holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in Booking during the fourth quarter valued at $40,000. Alpine Bank Wealth Management purchased a new position in shares of Booking in the first quarter worth $41,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Booking in the fourth quarter worth $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on BKNG shares. Piper Sandler cut their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley decreased their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,454.26.

Booking Stock Down 0.2%

NASDAQ:BKNG traded down $9.74 during trading hours on Thursday, reaching $5,726.58. The company had a trading volume of 73,964 shares, compared to its average volume of 253,559. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The firm has a market cap of $186.34 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 1.76 and a beta of 1.40. The business's 50-day simple moving average is $5,531.93 and its two-hundred day simple moving average is $5,037.81.

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 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 company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the firm earned $20.39 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid 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 0.67%. Booking's payout ratio is 23.89%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 3,039 shares of company stock valued at $16,963,769 in the last three months. 0.16% of the stock is owned by company insiders.

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.