Dock Street Asset Management Inc. Acquires 193 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dock Street Asset Management Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.4% during the 1st quarter, Holdings Channel reports. The firm owned 5,917 shares of the business services provider’s stock after purchasing an additional 193 shares during the quarter. Booking comprises 3.2% of Dock Street Asset Management Inc.’s holdings, making the stock its 12th largest position. Dock Street Asset Management Inc.’s holdings in Booking were worth $27,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC boosted its holdings in Booking by 27.3% in 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 in the last quarter. Point72 Europe London LLP bought a new position in Booking in the fourth quarter worth approximately $15,054,000. Catalyst Funds Management Pty Ltd bought a new position in Booking in the fourth quarter worth approximately $994,000. Quadrant Capital Group LLC boosted its holdings in Booking by 1.4% in 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Booking in the first quarter worth approximately $203,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $5,717.10 on Friday. The business has a fifty day simple moving average of $5,448.04 and a two-hundred day simple moving average of $4,997.90. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41. The company has a market capitalization of $186.03 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $20.39 earnings per share. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking’s dividend payout ratio is 23.89%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer owned 27,646 shares of the company’s stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler cut their price target on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. JMP Securities increased their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 30th. UBS Group lowered their price objective on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, Robert W. Baird increased their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5,415.00.

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.