Ninety One North America Inc. Has $50.70 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Ninety One North America Inc. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,006 shares of the business services provider's stock after selling 820 shares during the quarter. Booking makes up about 3.4% of Ninety One North America Inc.'s investment portfolio, making the stock its 9th largest holding. Ninety One North America Inc.'s holdings in Booking were worth $50,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Booking by 34.9% during 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 purchased a new position in Booking in the 4th quarter worth approximately $209,000. Proficio Capital Partners LLC lifted its position in Booking by 25.2% in the 4th quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock valued at $865,000 after acquiring an additional 35 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Booking by 36.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 93 shares of the business services provider's stock valued at $462,000 after purchasing an additional 25 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Booking by 1.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 215 shares of the business services provider's stock worth $1,068,000 after purchasing an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of research analyst reports. UBS Group lowered their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler reduced their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. JMP Securities lifted their price target on shares of 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. Finally, Bank of America lifted their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5,415.00.

Booking Stock Up 1.7%

NASDAQ:BKNG traded up $99.12 during mid-day trading on Monday, hitting $5,815.92. 175,956 shares of the company traded hands, compared to its average volume of 248,531. The stock's fifty day moving average price is $5,379.44 and its 200-day moving average price is $4,974.98. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,820.00. The firm has a market cap of $189.25 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The business 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%. Booking's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $20.39 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is 23.89%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company 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.