UMB Bank n.a. Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

UMB Bank n.a. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 825 shares of the business services provider's stock after selling 127 shares during the quarter. UMB Bank n.a.'s holdings in Booking were worth $3,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. Perennial Advisors LLC bought a new position in Booking during the first quarter valued at $318,000. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Booking by 5.6% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 57 shares of the business services provider's stock valued at $263,000 after acquiring an additional 3 shares during the last quarter. Rockingstone Advisors LLC lifted its holdings in shares of Booking by 22.2% in the 1st quarter. Rockingstone Advisors LLC now owns 165 shares of the business services provider's stock valued at $760,000 after acquiring an additional 30 shares during the last quarter. Sivia Capital Partners LLC grew its position in Booking by 36.1% in the first quarter. Sivia Capital Partners LLC now owns 132 shares of the business services provider's stock worth $606,000 after acquiring an additional 35 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in Booking by 1.3% during the first quarter. Princeton Global Asset Management LLC now owns 808 shares of the business services provider's stock worth $3,724,000 after acquiring an additional 10 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.8%

Shares of NASDAQ:BKNG opened at $5,614.61 on Monday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70. The company has a market cap of $182.70 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The company's 50 day moving average is $4,990.30 and its 200 day moving average is $4,931.04.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be 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 is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. JMP Securities raised their price objective on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Benchmark raised their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Piper Sandler dropped their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. DA Davidson increased their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,377.33.

Booking Company 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.