Booking Holdings Inc. $BKNG Stock Holdings Boosted by Assetmark Inc.

Assetmark Inc. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 30.9% during the 1st quarter, Holdings Channel reports. The firm owned 22,156 shares of the business services provider’s stock after purchasing an additional 5,227 shares during the period. Assetmark Inc.’s holdings in Booking were worth $93,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CGN Advisors LLC grew its position in Booking by 3.6% in the fourth quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock worth $305,000 after buying an additional 2 shares during the last quarter. Howard Financial Services LTD. lifted its position in shares of Booking by 1.4% during the 4th quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 2 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Booking by 1.1% during the 4th quarter. Traynor Capital Management Inc. now owns 187 shares of the business services provider’s stock worth $1,003,000 after acquiring an additional 2 shares in the last quarter. Norden Group LLC boosted its stake in shares of Booking by 0.6% during the 4th quarter. Norden Group LLC now owns 322 shares of the business services provider’s stock worth $1,725,000 after acquiring an additional 2 shares in the last quarter. Finally, Alliance Wealth Advisors LLC boosted its stake in shares of Booking by 1.9% during the 4th quarter. Alliance Wealth Advisors LLC now owns 106 shares of the business services provider’s stock worth $568,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other news, VP Peter J. Millones sold 62,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $214.00 target price on Booking and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Citigroup decreased their price target on Booking from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings raised Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. The Goldman Sachs Group cut their price objective on Booking from $226.00 to $223.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird reduced their price objective on shares of Booking from $234.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.29.

Booking Stock Up 1.0%

Shares of Booking stock opened at $184.61 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The stock has a market cap of $143.05 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. The business has a fifty day simple moving average of $169.57 and a 200-day simple moving average of $179.48.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.Booking’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Analysts expect that Booking Holdings Inc. will post 10.43 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a $0.42 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. Booking’s dividend payout ratio is currently 22.11%.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.