Achmea Investment Management B.V. Has $40.32 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Achmea Investment Management B.V. grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,751 shares of the business services provider's stock after purchasing an additional 1,289 shares during the period. Achmea Investment Management B.V.'s holdings in Booking were worth $40,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in Booking in the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter valued at $30,000. Promus Capital LLC acquired a new stake in Booking in the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter worth about $40,000. Finally, Alpine Bank Wealth Management bought a new stake in Booking during the 1st quarter worth about $41,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities lifted their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Finally, UBS Group lowered their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Ten investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.

Booking Trading Up 2.0%

BKNG opened at $5,596.00 on Friday. The company has a fifty day moving average price of $5,252.37 and a two-hundred day moving average price of $4,953.57. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70. The company has a market cap of $182.09 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.69%. Booking's payout ratio is 23.89%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was 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 directly owns 27,646 shares of the company's stock, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

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.

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