Robeco Institutional Asset Management B.V. Has $423.35 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Robeco Institutional Asset Management B.V. decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,895 shares of the business services provider's stock after selling 2,077 shares during the quarter. Booking accounts for about 0.8% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 18th largest holding. Robeco Institutional Asset Management B.V. owned 0.28% of Booking worth $423,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd lifted its stake in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after acquiring an additional 2 shares in the last quarter. SageView Advisory Group LLC lifted its stake in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after acquiring an additional 2 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP lifted its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after acquiring an additional 2 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in Booking by 2.2% in the 4th quarter. Sigma Planning Corp now owns 138 shares of the business services provider's stock worth $686,000 after acquiring an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer now owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird increased their price objective 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. BMO Capital Markets raised their price target 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. Morgan Stanley cut their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Bank of America raised their price target on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Ten equities 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

Booking Trading Up 1.7%

BKNG traded up $97.13 during midday trading on Friday, reaching $5,693.13. The company's stock had a trading volume of 297,425 shares, compared to its average volume of 248,419. The stock has a market cap of $185.25 billion, a P/E ratio of 35.42, a PEG ratio of 1.74 and a beta of 1.41. The company has a fifty day simple moving average of $5,252.37 and a 200 day simple moving average of $4,953.57. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,717.34.

Booking (NASDAQ:BKNG - Get Free Report) last released 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 firm 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 143.67% and a net margin of 22.58%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $20.39 EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is currently 23.89%.

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.