Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,076 shares of the business services provider's stock after selling 10,226 shares during the period. Flossbach Von Storch SE owned approximately 0.05% of Booking worth $78,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. OMNI 360 Wealth Inc. purchased a new stake in Booking during the 1st quarter valued at $295,000. Personal CFO Solutions LLC increased its stake in Booking by 22.2% in the first quarter. Personal CFO Solutions LLC now owns 66 shares of the business services provider's stock worth $304,000 after purchasing an additional 12 shares during the period. Valeo Financial Advisors LLC increased its stake in Booking by 2.4% in the first quarter. Valeo Financial Advisors LLC now owns 297 shares of the business services provider's stock worth $1,367,000 after purchasing an additional 7 shares during the period. Stratos Wealth Advisors LLC increased its stake in Booking by 6.3% in the first quarter. Stratos Wealth Advisors LLC now owns 51 shares of the business services provider's stock worth $237,000 after purchasing an additional 3 shares during the period. Finally, Stratos Investment Management LLC increased its stake in Booking by 20.0% in the first quarter. Stratos Investment Management LLC now owns 2,002 shares of the business services provider's stock worth $9,224,000 after purchasing an additional 334 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

BKNG stock traded down $1.41 during trading on Friday, reaching $5,717.10. 150,915 shares of the company traded hands, compared to its average volume of 248,909. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,839.41. The business has a 50 day simple moving average of $5,448.04 and a 200 day simple moving average of $4,997.90. The company has a market capitalization of $186.03 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion for 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%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $20.39 earnings per share. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKNG. Wells Fargo & Company increased 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, July 7th. UBS Group reduced their target price on 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. Bank of America increased their target price on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, B. Riley increased their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. 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 company's stock. Based on data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,415.00.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm'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 sale, the chief executive officer owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

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.