Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 996 shares of the business services provider's stock after selling 145 shares during the quarter. Penserra Capital Management LLC's holdings in Booking were worth $4,586,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Crew Capital Management Ltd. raised its holdings in Booking by 6.8% in the 1st quarter. Crew Capital Management Ltd. now owns 172 shares of the business services provider's stock valued at $792,000 after buying an additional 11 shares during the last quarter. Cloud Capital Management LLC bought a new position in Booking during the 1st quarter worth approximately $55,000. Concurrent Investment Advisors LLC raised its holdings in Booking by 76.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 245 shares of the business services provider's stock worth $1,129,000 after purchasing an additional 106 shares during the last quarter. World Investment Advisors raised its holdings in Booking by 6.6% during the 1st quarter. World Investment Advisors now owns 2,604 shares of the business services provider's stock worth $11,995,000 after purchasing an additional 161 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Booking during the 1st quarter worth approximately $539,000. Institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of analyst reports. JMP Securities lifted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Cantor Fitzgerald dropped their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,415.00.

Booking Stock Down 0.8%

BKNG traded down $45.29 during trading on Wednesday, reaching $5,668.04. The company had a trading volume of 185,039 shares, compared to its average volume of 248,978. The stock has a market cap of $184.44 billion, a P/E ratio of 35.26, a PEG ratio of 1.76 and a beta of 1.40. The business has a 50 day simple moving average of $5,425.41 and a 200-day simple moving average of $4,990.14. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. Booking's revenue 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, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. Booking's dividend payout ratio is presently 23.89%.

Insider Buying and Selling at Booking

In other 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 directly owned 27,646 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.