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

Penserra Capital Management LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking during the fourth quarter worth $209,000. Proficio Capital Partners LLC lifted its holdings in Booking by 25.2% during the fourth quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock valued at $865,000 after purchasing an additional 35 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Booking by 36.8% during the fourth 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 in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Booking by 1.9% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 215 shares of the business services provider's stock valued at $1,068,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Activity 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 shares were sold at an average price of $5,356.07, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Booking Price Performance

Shares of NASDAQ BKNG traded up $50.47 during trading on Thursday, hitting $5,718.51. 169,230 shares of the company were exchanged, compared to its average volume of 248,660. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41. The firm's fifty day moving average price is $5,425.41 and its 200 day moving average price is $4,990.14. The company has a market cap of $186.08 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $20.39 EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued 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 0.67%. Booking's dividend payout ratio (DPR) is 23.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Cantor Fitzgerald cut their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Piper Sandler lowered their price objective 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. Finally, Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.