Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109 shares of the business services provider’s stock after selling 10 shares during the quarter. Continuum Advisory LLC’s holdings in Booking were worth $502,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC raised its stake in Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after acquiring an additional 39 shares during the period. Point72 Europe London LLP acquired a new stake in Booking during the fourth quarter worth about $15,054,000. Sequoia Financial Advisors LLC raised its stake in Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock worth $4,495,000 after acquiring an additional 153 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in Booking during the fourth quarter worth about $994,000. Finally, Quadrant Capital Group LLC raised its stake in Booking by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider’s stock worth $1,043,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $5,333.42 on Tuesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70. The firm has a market cap of $173.55 billion, a PE ratio of 33.18, a P/E/G ratio of 1.65 and a beta of 1.41. The firm has a 50 day simple moving average of $5,195.63 and a 200 day simple moving average of $4,943.03.

Booking (NASDAQ:BKNG) last released its 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the business earned $20.39 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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 paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is presently 23.89%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Robert W. Baird increased their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. B. Riley increased their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, UBS Group decreased their target price on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $5,388.37.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company’s 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 owns 27,646 shares in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Booking 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.