Dunhill Financial LLC Sells 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dunhill Financial LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155 shares of the business services provider’s stock after selling 8 shares during the quarter. Dunhill Financial LLC’s holdings in Booking were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BKNG. Covestor Ltd lifted its stake in Booking by 6.9% in the fourth 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 lifted its position 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 valued at $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2 shares during the last quarter. Elequin Capital LP increased its holdings in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after acquiring an additional 2 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in Booking by 4.1% in the 4th quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.3%

Shares of NASDAQ:BKNG opened at $5,301.05 on Wednesday. The stock has a market capitalization of $172.50 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The stock’s 50-day moving average price is $5,136.52 and its 200-day moving average price is $4,943.85. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70.

Booking (NASDAQ:BKNG) last announced its quarterly 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 business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $20.39 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company 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 $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer now owns 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JMP Securities lifted their target price on shares of 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. Wall Street Zen raised shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Piper Sandler lowered their target price on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Benchmark increased their target price 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. Finally, BMO Capital Markets raised their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,388.37.

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.