Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 21.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195 shares of the business services provider’s stock after purchasing an additional 35 shares during the quarter. OLD National Bancorp IN’s holdings in Booking were worth $898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in Booking in the fourth quarter valued at $30,000. Promus Capital LLC purchased a new stake in Booking in the fourth quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking in the 4th quarter valued at $40,000. Finally, Roxbury Financial LLC purchased a new position in shares of Booking during the 4th quarter worth $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America boosted their price objective on shares of Booking from $5,580.00 to $5,820.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. DA Davidson increased their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price 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 investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5,388.37.

Booking Trading Down 1.3%

Shares of NASDAQ:BKNG opened at $5,539.41 on Tuesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The company’s 50 day moving average is $5,007.30 and its two-hundred day moving average is $4,933.57. The company has a market cap of $180.25 billion, a PE ratio of 32.01, a P/E/G ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $20.39 earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

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.