MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 2,284 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,629 shares of the business services provider's stock after selling 2,284 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Booking were worth $44,360,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the last quarter. SageView Advisory Group LLC lifted its stake in Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after buying an additional 2 shares during the period. Belpointe Asset Management LLC lifted its stake in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares during the period. Elequin Capital LP lifted its stake in Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after buying an additional 2 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its stake in Booking by 4.1% in the fourth quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider's stock valued at $379,000 after buying an additional 3 shares during the period. Institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Booking stock traded down $163.57 during midday trading on Friday, reaching $5,298.38. The stock had a trading volume of 261,976 shares, compared to its average volume of 247,722. The firm's fifty day simple moving average is $5,098.72 and its 200-day simple moving average is $4,942.15. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70. The stock has a market capitalization of $172.41 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative return on equity of 159.34% and a net margin of 24.78%. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $20.39 EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. Booking's dividend payout ratio is 23.89%.

Analysts Set New Price Targets

Several research firms have weighed in on BKNG. Citigroup increased their target price on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Benchmark increased their target price on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Piper Sandler dropped 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. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

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.