Generali Investments CEE investicni spolecnost a.s. Purchases New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Booking in the 1st quarter valued at approximately $105,000. Jackson Thornton Wealth Management LLC acquired a new position in shares of Booking during the 1st quarter worth $206,000. Truist Financial Corp raised its holdings in shares of Booking by 3.0% during the 1st quarter. Truist Financial Corp now owns 30,461 shares of the business services provider's stock valued at $140,333,000 after purchasing an additional 892 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Booking by 9.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 81 shares of the business services provider's stock valued at $373,000 after purchasing an additional 7 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Booking by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 7,487 shares of the business services provider's stock worth $31,536,000 after purchasing an additional 663 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BKNG shares. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group dropped their target price 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. Robert W. Baird increased their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets lifted their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,415.00.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Booking Stock Performance

Shares of Booking stock traded up $99.12 on Monday, reaching $5,815.92. 175,956 shares of the stock were exchanged, compared to its average volume of 248,531. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,820.00. The firm has a market cap of $189.25 billion, a PE ratio of 36.18, a P/E/G ratio of 1.76 and a beta of 1.40. The firm's 50 day moving average is $5,379.44 and its 200-day moving average is $4,974.98.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.66%. Booking's dividend payout ratio (DPR) is presently 23.89%.

Booking Company 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.