Epoch Investment Partners Inc. trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 10.3% in the first quarter, Holdings Channel.com reports. The fund owned 31,225 shares of the business services provider’s stock after selling 3,593 shares during the period. Epoch Investment Partners Inc.’s holdings in Booking were worth $131,467,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Norden Group LLC boosted its stake in shares of Booking by 0.6% during the fourth quarter. Norden Group LLC now owns 322 shares of the business services provider’s stock valued at $1,725,000 after acquiring an additional 2 shares during the last quarter. Alliance Wealth Advisors LLC boosted its position in shares of Booking by 1.9% in the fourth quarter. Alliance Wealth Advisors LLC now owns 106 shares of the business services provider’s stock worth $568,000 after acquiring an additional 2 shares during the last quarter. ORG Partners LLC grew its holdings in Booking by 8.7% in the fourth quarter. ORG Partners LLC now owns 25 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 2 shares during the period. Beaumont Financial Advisors LLC increased its position in Booking by 4.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 52 shares of the business services provider’s stock worth $278,000 after purchasing an additional 2 shares during the last quarter. Finally, YANKCOM Partnership increased its position in Booking by 1.1% during the fourth quarter. YANKCOM Partnership now owns 192 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of research analyst reports. Wedbush initiated coverage on shares of Booking in a report on Thursday, July 16th. They issued an “outperform” rating and a $211.00 price target on the stock. Barclays set a $210.00 price objective on Booking and gave the stock an “overweight” rating in a report on Wednesday, April 29th. DA Davidson reduced their target price on Booking from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Mizuho lowered their price target on Booking from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Booking from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $227.05.
Booking Stock Up 2.7%
Booking stock opened at $177.46 on Friday. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The firm has a fifty day moving average of $171.98 and a 200-day moving average of $177.87. The firm has a market capitalization of $137.51 billion, a P/E ratio of 23.34, a PEG ratio of 1.03 and a beta of 1.07.
Booking (NASDAQ:BKNG – Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. On average, research analysts expect that Booking Holdings Inc. will post 10.45 EPS for the current fiscal year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.68 annualized dividend and a yield of 0.9%. Booking’s dividend payout ratio (DPR) is 22.11%.
Insider Activity at Booking
In other Booking news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.17% of the stock is currently owned by corporate insiders.
Booking Company Profile
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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