Generali Investments CEE investicni spolecnost a.s. Invests $539,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 117 shares of the business services provider's stock, valued at approximately $539,000.

A number of other hedge funds have also modified their holdings of BKNG. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the period. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership increased its position in Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the period. Northern Trust Corp increased its position in Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the period. Finally, Winslow Capital Management LLC increased its position in Booking by 132.7% during the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after buying an additional 50,605 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. Piper Sandler cut their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. B. Riley lifted their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research report on Friday, April 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. 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.com, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $5,415.00.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on 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 directly owned 27,646 shares in the company, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Booking Trading Down 1.0%

Shares of NASDAQ:BKNG traded down $56.21 on Wednesday, hitting $5,657.12. The company had a trading volume of 118,837 shares, compared to its average volume of 248,568. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The business has a 50 day moving average of $5,414.04 and a 200 day moving average of $4,985.44. The company has a market cap of $184.08 billion, a PE ratio of 35.19, a PEG ratio of 1.79 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 (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The business 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 business's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $20.39 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

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.