Raiffeisen Bank International AG Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Raiffeisen Bank International AG has increased its holdings in Booking Holdings Inc. by 18.3%, owning approximately 18,066 shares valued at $83.72 million.
• Booking Holdings recently declared a quarterly dividend of $9.60 per share, which will be paid on September 30th, and has an annualized yield of 0.7%.
• Booking's stock currently has a market capitalization of $174.57 billion and reported $55.40 EPS for the last quarter, exceeding expectations.

Raiffeisen Bank International AG grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 18.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,066 shares of the business services provider's stock after purchasing an additional 2,799 shares during the period. Booking makes up approximately 1.3% of Raiffeisen Bank International AG's holdings, making the stock its 11th largest position. Raiffeisen Bank International AG owned approximately 0.06% of Booking worth $83,722,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Haven Private LLC increased its position in shares of Booking by 6.5% during the first quarter. Haven Private LLC now owns 66 shares of the business services provider's stock valued at $304,000 after acquiring an additional 4 shares in the last quarter. Argent Trust Co increased its position in shares of Booking by 0.4% during the first quarter. Argent Trust Co now owns 1,678 shares of the business services provider's stock valued at $7,730,000 after acquiring an additional 7 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Booking by 1.7% during the first quarter. Scotia Capital Inc. now owns 7,990 shares of the business services provider's stock valued at $36,810,000 after acquiring an additional 137 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Booking during the first quarter valued at approximately $106,166,000. Finally, Aviso Wealth Management increased its position in shares of Booking by 13.0% during the first quarter. Aviso Wealth Management now owns 130 shares of the business services provider's stock valued at $599,000 after acquiring an additional 15 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. 0.16% of the stock is owned by insiders.

Booking Stock Down 2.1%

Shares of BKNG stock opened at $5,386.29 on Friday. The stock has a market cap of $174.57 billion, a P/E ratio of 37.46, a PEG ratio of 1.56 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The company's fifty day simple moving average is $5,568.80 and its two-hundred day simple moving average is $5,076.22.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $41.90 EPS. On average, analysts anticipate 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 will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's payout ratio is presently 26.71%.

Analysts Set New Price Targets

A number of research firms have commented on BKNG. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research report on Wednesday. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. B. Riley reaffirmed a "buy" rating and issued a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday. Piper Sandler reaffirmed a "neutral" rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research report on Wednesday. Finally, Susquehanna lifted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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.

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