Bourne Lent Asset Management Inc. Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bourne Lent Asset Management Inc. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 6.2% during the 1st quarter, Holdings Channel reports. The firm owned 452 shares of the business services provider’s stock after selling 30 shares during the quarter. Booking comprises 0.7% of Bourne Lent Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Bourne Lent Asset Management Inc.’s holdings in Booking were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of BKNG. Norges Bank purchased a new stake in shares of Booking during the fourth quarter worth about $1,742,160,000. Pacer Advisors Inc. grew its stake in Booking by 2,479.0% in the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after acquiring an additional 112,249 shares during the period. Global Assets Advisory LLC acquired a new position in Booking in the 1st quarter valued at $401,371,000. International Assets Investment Management LLC purchased a new position in shares of Booking during the 4th quarter worth $3,774,850,000. Finally, BlueSpruce Investments LP acquired a new stake in shares of Booking during the fourth quarter worth $220,080,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKNG has been the subject of several analyst reports. Bank of America upped their target price on Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. B. Riley started coverage on Booking in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price objective on the stock. Evercore ISI raised their price target on shares of Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $3,902.54.

View Our Latest Stock Analysis on Booking

Booking Stock Up 0.5 %

BKNG stock traded up $20.47 during mid-day trading on Tuesday, reaching $4,001.67. The company had a trading volume of 77,954 shares, compared to its average volume of 255,981. Booking Holdings Inc. has a one year low of $2,605.00 and a one year high of $4,033.00. The stock has a market capitalization of $135.77 billion, a P/E ratio of 30.04, a P/E/G ratio of 1.19 and a beta of 1.40. The stock’s 50-day simple moving average is $3,715.51 and its two-hundred day simple moving average is $3,608.85.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period last year, the firm posted $11.60 EPS. Booking’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, research analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by corporate insiders.

About Booking

(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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