United Advisor Group LLC Has $226,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

United Advisor Group LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 19.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 49 shares of the business services provider’s stock after acquiring an additional 8 shares during the period. United Advisor Group LLC’s holdings in Booking were worth $226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter worth about $30,000. Promus Capital LLC bought a new stake in shares of Booking during the fourth quarter worth about $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the 4th quarter worth about $40,000. Finally, Minot DeBlois Advisors LLC bought a new position in Booking in the 4th quarter valued at about $50,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.3%

Shares of NASDAQ:BKNG opened at $5,304.03 on Friday. The firm has a market capitalization of $172.59 billion, a PE ratio of 33.00, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a 50-day moving average price of $5,180.10 and a two-hundred day moving average price of $4,947.25. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the firm earned $20.39 EPS. Booking’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is presently 23.89%.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 27,646 shares of the company’s stock, valued at $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. 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 report on Friday, February 21st. Citigroup upped their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Piper Sandler dropped their price objective on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Cantor Fitzgerald reduced 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. Finally, JMP Securities increased their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a report on Wednesday, April 30th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,388.37.

About Booking

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.