State of Alaska Department of Revenue Sells 30 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

State of Alaska Department of Revenue lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,886 shares of the business services provider’s stock after selling 30 shares during the period. State of Alaska Department of Revenue’s holdings in Booking were worth $14,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Monument Capital Management raised its stake in shares of Booking by 5.3% during the first quarter. Monument Capital Management now owns 772 shares of the business services provider’s stock valued at $2,802,000 after acquiring an additional 39 shares in the last quarter. MBM Wealth Consultants LLC raised its stake in shares of Booking by 1.9% during the first quarter. MBM Wealth Consultants LLC now owns 376 shares of the business services provider’s stock valued at $1,364,000 after acquiring an additional 7 shares in the last quarter. Naviter Wealth LLC raised its stake in shares of Booking by 37.9% during the first quarter. Naviter Wealth LLC now owns 353 shares of the business services provider’s stock valued at $1,281,000 after acquiring an additional 97 shares in the last quarter. MV Capital Management Inc. raised its stake in shares of Booking by 22.9% during the first quarter. MV Capital Management Inc. now owns 59 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 11 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Booking by 14.3% during the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders sold 1,021 shares of company stock worth $3,617,852 over the last three months. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $3,916.89 on Thursday. The firm has a market capitalization of $132.90 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $2,624.50 and a 1-year high of $4,040.00. The company’s fifty day moving average price is $3,775.82 and its 200-day moving average price is $3,632.80.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $11.60 earnings per share. As a group, research analysts anticipate that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.89%. Booking’s dividend payout ratio is presently 26.25%.

Analysts Set New Price Targets

BKNG has been the subject of several research analyst reports. Bank of America lifted their price target on shares of Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. B. Riley started coverage on shares of Booking in a report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Evercore ISI lifted their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Wedbush reissued an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $3,902.54.

Booking Company 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.