Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Lifted by Legacy CG LLC

by · The Cerbat Gem

Legacy CG LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 18.7% during the first quarter, Holdings Channel.com reports. The firm owned 838 shares of the business services provider’s stock after acquiring an additional 132 shares during the period. Legacy CG LLC’s holdings in Booking were worth $3,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in Booking by 3.5% during the first quarter. Illinois Municipal Retirement Fund now owns 4,906 shares of the business services provider’s stock worth $22,602,000 after purchasing an additional 167 shares in the last quarter. Transcend Capital Advisors LLC increased its position in shares of Booking by 3.9% during the 1st quarter. Transcend Capital Advisors LLC now owns 79 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 3 shares during the period. Diversified Trust Co raised its stake in shares of Booking by 0.4% in the 1st quarter. Diversified Trust Co now owns 1,358 shares of the business services provider’s stock worth $6,261,000 after buying an additional 5 shares in the last quarter. CNB Bank lifted its holdings in shares of Booking by 11.1% in the first quarter. CNB Bank now owns 260 shares of the business services provider’s stock valued at $1,198,000 after buying an additional 26 shares during the period. Finally, Perpetual Ltd boosted its stake in Booking by 29.9% during the first quarter. Perpetual Ltd now owns 865 shares of the business services provider’s stock valued at $3,985,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. B. Riley boosted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Cantor Fitzgerald cut their target price on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Bank of America lifted their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research report on Monday, June 9th. Finally, BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,388.37.

Get Our Latest Report on Booking

Booking Stock Performance

Shares of BKNG opened at $5,596.00 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The company has a market capitalization of $182.09 billion, a PE ratio of 34.81, a PEG ratio of 1.70 and a beta of 1.41. The company’s 50 day moving average price is $5,252.37 and its 200 day moving average price is $4,953.57.

Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the company posted $20.39 EPS. Booking’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is currently 23.89%.

Insider Transactions at Booking

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

Booking Company 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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