TFR Capital LLC. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 53 shares of the business services provider's stock, valued at approximately $244,000.
Other large investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Booking in the 4th quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the 4th quarter worth $30,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking during the 4th quarter worth $40,000. Alpine Bank Wealth Management acquired a new position in Booking during the 1st quarter valued at about $41,000. Finally, North Capital Inc. acquired a new position in Booking during the 1st quarter valued at about $46,000. Institutional investors own 92.42% of the company's stock.
Insiders Place Their Bets
In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 value of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 3,039 shares of company stock valued at $16,963,769. Company insiders own 0.16% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on BKNG. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. B. Riley boosted their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. JMP Securities boosted their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating and issued a $5,700.00 target price (up previously from $5,600.00) on shares of Booking in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,453.15.
Check Out Our Latest Analysis on BKNG
Booking Price Performance
Shares of BKNG stock traded up $25.81 during trading hours on Thursday, reaching $5,683.94. 141,459 shares of the company's stock were exchanged, compared to its average volume of 248,281. The company has a market cap of $184.96 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.40. The company's 50 day moving average is $5,489.29 and its two-hundred day moving average is $5,016.25. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results 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 during 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 for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $20.39 EPS. As a group, analysts predict 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 paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, June 6th. Booking's payout ratio is currently 23.89%.
Booking Company Profile
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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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