10 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Mechanics Financial Corp

Mechanics Financial Corp acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 1st quarter, Holdings Channel.com reports. The firm acquired 10 shares of the business services provider’s stock, valued at approximately $46,000.

Several other large investors have also recently added to or reduced their stakes in BKNG. Brighton Jones LLC lifted its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking in the fourth quarter valued at $209,000. Proficio Capital Partners LLC lifted its stake in Booking by 25.2% in the fourth quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider’s stock valued at $865,000 after buying an additional 35 shares during the last quarter. Harbour Investments Inc. lifted its stake in Booking by 6.5% in the fourth quarter. Harbour Investments Inc. now owns 49 shares of the business services provider’s stock valued at $243,000 after buying an additional 3 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Booking by 11.1% in the fourth quarter. Signaturefd LLC now owns 351 shares of the business services provider’s stock valued at $1,746,000 after buying an additional 35 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ:BKNG opened at $5,675.53 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The stock’s 50-day moving average is $5,469.71 and its two-hundred day moving average is $5,006.98. The stock has a market cap of $184.68 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the previous year, the business posted $20.39 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 transaction, the chief executive officer owned 27,646 shares of the company’s stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler lowered 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. JPMorgan Chase & Co. raised their price target on Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Bank of America raised their price target on Booking from $5,580.00 to $5,820.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5,449.44.

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.