Appleton Partners Inc. MA Acquires 328 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Appleton Partners Inc. MA raised its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 16.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,375 shares of the business services provider’s stock after buying an additional 328 shares during the period. Appleton Partners Inc. MA’s holdings in Booking were worth $8,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Booking in the fourth quarter valued at approximately $1,742,160,000. Pacer Advisors Inc. grew its position in shares of Booking by 2,479.0% in the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after purchasing an additional 112,249 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking in the fourth quarter valued at approximately $3,774,850,000. BlueSpruce Investments LP acquired a new position in shares of Booking in the fourth quarter valued at approximately $220,080,000. Finally, Morningstar Investment Services LLC grew its position in shares of Booking by 96.3% in the fourth quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock valued at $403,233,000 after purchasing an additional 55,716 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. HSBC upped their target price on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Royal Bank of Canada raised their target price on Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their target price on Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. Finally, Barclays cut their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,902.54.

Get Our Latest Report on BKNG

Booking Stock Performance

Shares of Booking stock traded up $24.75 on Tuesday, hitting $3,977.82. 45,254 shares of the company’s stock were exchanged, compared to its average volume of 255,462. The company has a 50-day simple moving average of $3,674.20 and a 200-day simple moving average of $3,580.27. The stock has a market capitalization of $134.97 billion, a PE ratio of 29.65, a PEG ratio of 1.15 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,605.00 and a 1 year high of $3,982.32.

Booking (NASDAQ:BKNGGet Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the company earned $11.60 EPS. Booking’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is currently 26.25%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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