Mn Services Vermogensbeheer B.V. Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mn Services Vermogensbeheer B.V. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,802 shares of the business services provider's stock after selling 1,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Booking were worth $58,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BKNG. Brighton Jones LLC grew its stake in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking during the fourth quarter worth $209,000. Van ECK Associates Corp grew its position in Booking by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 963 shares of the business services provider's stock valued at $4,785,000 after buying an additional 31 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in Booking in the 4th quarter valued at $383,000. Finally, Hickory Asset Management Inc. purchased a new position in Booking during the 4th quarter worth $1,624,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Benchmark raised their price target on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley decreased their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

Booking Stock Performance

NASDAQ BKNG traded down $14.79 during trading hours on Wednesday, hitting $5,286.26. 180,911 shares of the company's stock were exchanged, compared to its average volume of 247,428. The business's 50 day moving average is $5,136.52 and its 200-day moving average is $4,943.85. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70. The firm has a market capitalization of $172.01 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the firm posted $20.39 EPS. The company's revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.73%. Booking's dividend payout ratio is presently 23.89%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction, the chief executive officer now owns 27,646 shares in the company, 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. Insiders own 0.16% of the company's stock.

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.