DekaBank Deutsche Girozentrale Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

DekaBank Deutsche Girozentrale cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,428 shares of the business services provider's stock after selling 590 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.13% of Booking worth $198,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking during the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management purchased a new stake in shares of Booking during the first quarter valued at approximately $41,000. Finally, North Capital Inc. purchased a new stake in shares of Booking during the first quarter valued at approximately $46,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 0.0%

NASDAQ:BKNG traded down $1.41 during trading hours on Friday, hitting $5,717.10. 150,915 shares of the company's stock traded hands, compared to its average volume of 248,704. The firm has a market cap of $186.03 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The business's fifty day simple moving average is $5,448.04 and its two-hundred day simple moving average is $4,998.76.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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 company 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%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $20.39 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio is 23.89%.

Insider Transactions at Booking

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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on BKNG. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Cantor Fitzgerald decreased their price target on 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. Wells Fargo & Company raised their target price on Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research report on Monday. Morgan Stanley decreased their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has an average 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.