Lmcg Investments LLC Sells 49 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

Lmcg Investments LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,723 shares of the business services provider’s stock after selling 49 shares during the period. Lmcg Investments LLC’s holdings in Booking were worth $7,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Summit Securities Group LLC bought a new stake in shares of Booking during the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter worth approximately $30,000. Promus Capital LLC bought a new stake in shares of Booking during the fourth quarter worth approximately $35,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking during the fourth quarter worth approximately $40,000. Finally, Roxbury Financial LLC bought a new stake in shares of Booking during the fourth quarter worth approximately $42,000. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on BKNG. BTIG Research raised shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target for the company in a research note on Friday, April 4th. Piper Sandler decreased their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a report on Monday, April 28th. UBS Group decreased their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a report on Monday, April 28th. Wells Fargo & Company boosted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, B. Riley boosted their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,377.33.

Get Our Latest Analysis on Booking

Booking Trading Up 1.5%

Shares of BKNG opened at $5,557.00 on Thursday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,560.45. The firm has a fifty day simple moving average of $4,952.45 and a 200 day simple moving average of $4,925.27. The stock has a market capitalization of $180.82 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG – Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the company posted $20.39 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. 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 23.89%.

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.

Featured Articles

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).