Nisa Investment Advisors LLC Has $115.41 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Nisa Investment Advisors LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,051 shares of the business services provider's stock after selling 8,984 shares during the quarter. Booking makes up about 0.6% of Nisa Investment Advisors LLC's holdings, making the stock its 24th biggest position. Nisa Investment Advisors LLC owned 0.08% of Booking worth $115,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Summit Securities Group LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the fourth quarter worth $30,000. Kapitalo Investimentos Ltda purchased a new stake in Booking during the fourth quarter worth $40,000. Alpine Bank Wealth Management acquired a new stake in Booking in the first quarter valued at $41,000. Finally, North Capital Inc. acquired a new stake in Booking in the first quarter valued at $46,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The shares were 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 owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. BMO Capital Markets lifted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Bank of America increased their target price on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,415.00.

Booking Stock Performance

BKNG traded down $1.41 during midday trading on Friday, hitting $5,717.10. The company had a trading volume of 150,915 shares, compared to its average volume of 248,909. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The firm's 50-day simple moving average is $5,448.04 and its 200-day simple moving average is $4,997.90. The company has a market capitalization of $186.03 billion, a PE ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 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.