Trust Co. of Oklahoma Has $1.08 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Trust Co. of Oklahoma decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 48.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234 shares of the business services provider's stock after selling 219 shares during the quarter. Trust Co. of Oklahoma's holdings in Booking were worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKNG. Summit Securities Group LLC acquired a new stake in Booking in the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of Booking in the fourth quarter worth $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the fourth quarter valued at about $40,000. Finally, Roxbury Financial LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $42,000. Institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BKNG. JPMorgan Chase & Co. upped 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. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Morgan Stanley lowered their price target on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Piper Sandler dropped their price objective 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. Finally, Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Ten investment 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. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Stock Down 0.9%

Shares of BKNG stock traded down $51.43 on Tuesday, reaching $5,487.98. The stock had a trading volume of 178,598 shares, compared to its average volume of 246,833. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70. The firm has a market capitalization of $178.58 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 1.71 and a beta of 1.41. The firm's 50-day moving average is $5,007.30 and its two-hundred day moving average is $4,933.57.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is 23.89%.

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.