Ninety One UK Ltd trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,598 shares of the business services provider's stock after selling 3,241 shares during the quarter. Booking comprises about 2.8% of Ninety One UK Ltd's portfolio, making the stock its 8th biggest position. Ninety One UK Ltd owned approximately 0.66% of Booking worth $993,241,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the period. Geode Capital Management LLC raised its stake in Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after buying an additional 6,009 shares during the period. Norges Bank acquired a new position in Booking during the 4th quarter worth approximately $1,958,352,000. Northern Trust Corp raised its stake in Booking by 18.8% during the 4th 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, Sanders Capital LLC raised its stake in Booking by 1.4% during the 4th quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after buying an additional 3,926 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
Booking Trading Up 1.7%
Shares of NASDAQ BKNG opened at $5,815.92 on Tuesday. The stock has a fifty day simple moving average of $5,397.96 and a two-hundred day simple moving average of $4,980.35. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,815.92. The firm has a market cap of $189.25 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $20.39 earnings per share. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.66%. Booking's dividend payout ratio is currently 23.89%.
Insider Activity
In related news, CEO Glenn D. Fogel sold 1,013 shares of the 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 sale, the chief executive officer owned 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 filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
BKNG has been the topic of a number of research reports. B. Riley upped their price target 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. JMP Securities upped their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald dropped their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, BMO Capital Markets increased their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Ten research 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 stock. Based on data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,415.00.
Check Out Our Latest Report on Booking
Booking Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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