Teachers Retirement System of The State of Kentucky raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,729 shares of the business services provider's stock after acquiring an additional 2,600 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Booking were worth $49,428,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. J.W. Cole Advisors Inc. grew its position in shares of Booking by 149.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 202 shares of the business services provider's stock worth $932,000 after buying an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Booking by 3.4% during the 1st quarter. Atlantic Union Bankshares Corp now owns 3,203 shares of the business services provider's stock worth $14,756,000 after buying an additional 105 shares in the last quarter. WNY Asset Management LLC grew its position in shares of Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock worth $258,000 after buying an additional 2 shares in the last quarter. IFP Advisors Inc grew its position in shares of Booking by 11.0% during the 1st quarter. IFP Advisors Inc now owns 81 shares of the business services provider's stock worth $372,000 after buying an additional 8 shares in the last quarter. Finally, OneAscent Financial Services LLC grew its position in shares of Booking by 10.2% during the 1st quarter. OneAscent Financial Services LLC now owns 130 shares of the business services provider's stock worth $601,000 after buying an additional 12 shares in the last quarter. Institutional investors own 92.42% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating and set a $5,700.00 price objective (up previously from $5,600.00) on shares of Booking in a research report on Wednesday, July 16th. Truist Financial raised their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research report on Monday, July 14th. Bank of America raised their price objective on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. raised their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $5,453.15.
Get Our Latest Stock Report on BKNG
Insiders Place Their Bets
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,039 shares of company stock worth $16,963,769 in the last three months. 0.16% of the stock is currently owned by company insiders.
Booking Stock Down 0.5%
Shares of NASDAQ:BKNG traded down $25.75 during trading on Monday, hitting $5,677.15. The stock had a trading volume of 156,263 shares, compared to its average volume of 248,095. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The stock has a market capitalization of $184.73 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 1.75 and a beta of 1.40. The stock has a 50-day simple moving average of $5,501.63 and a two-hundred day simple moving average of $5,022.36.
Booking (NASDAQ:BKNG - Get Free Report) last announced 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 company had revenue of $4.76 billion during 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%. Booking's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $20.39 earnings per share. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.
About Booking
(
Free Report)
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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