Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Rockingstone Advisors LLC

Rockingstone Advisors LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 22.2% in the first quarter, HoldingsChannel.com reports. The fund owned 165 shares of the business services provider’s stock after buying an additional 30 shares during the quarter. Rockingstone Advisors LLC’s holdings in Booking were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKNG. Brighton Jones LLC boosted its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Booking during the fourth quarter worth approximately $209,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Booking during the fourth quarter worth approximately $209,000. Soltis Investment Advisors LLC acquired a new position in shares of Booking during the fourth quarter worth approximately $276,000. Finally, Sapient Capital LLC boosted its position in shares of Booking by 0.9% during the fourth quarter. Sapient Capital LLC now owns 7,376 shares of the business services provider’s stock worth $36,647,000 after buying an additional 65 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ BKNG opened at $5,487.98 on Wednesday. The stock has a market capitalization of $178.58 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The business’s fifty day moving average is $5,028.05 and its two-hundred day moving average is $4,937.42.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The company 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 159.34% and a net margin of 24.78%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.39 earnings per share. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Bank of America boosted their price objective on Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research report on Monday. Cantor Fitzgerald reduced their price objective on Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. DA Davidson boosted their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Ten 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 stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price 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.