Mogy Joel R Investment Counsel Inc. Has $10.73 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Mogy Joel R Investment Counsel Inc. raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,329 shares of the business services provider’s stock after acquiring an additional 453 shares during the period. Booking makes up 0.7% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 29th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Booking were worth $10,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Covestor Ltd raised its stake in Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after purchasing an additional 2 shares during the period. Elequin Capital LP raised its position in shares of Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after buying an additional 2 shares during the last quarter. Finally, MGB Wealth Management LLC raised its position in shares of Booking by 5.8% during the fourth quarter. MGB Wealth Management LLC now owns 55 shares of the business services provider’s stock valued at $273,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 0.4%

Shares of NASDAQ BKNG opened at $5,466.28 on Thursday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70. The firm’s 50-day simple moving average is $5,051.69 and its 200 day simple moving average is $4,941.07. The company has a market cap of $177.87 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.89%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Royal Bank of Canada reissued an “outperform” rating and set a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Finally, Barclays lifted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Ten research 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5,388.37.

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.