Commerzbank Aktiengesellschaft FI Has $5.76 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Commerzbank Aktiengesellschaft FI increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,624 shares of the business services provider's stock after purchasing an additional 620 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Booking were worth $5,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Booking by 37.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,317 shares of the business services provider's stock valued at $151,044,000 after acquiring an additional 17,432 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Booking by 18.8% during the first quarter. Cetera Investment Advisers now owns 613 shares of the business services provider's stock valued at $1,440,000 after acquiring an additional 97 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Booking during the first quarter valued at about $387,000. Baird Financial Group Inc. increased its position in shares of Booking by 2.0% during the first quarter. Baird Financial Group Inc. now owns 4,585 shares of the business services provider's stock valued at $10,767,000 after acquiring an additional 88 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Booking by 7.5% during the first quarter. Merit Financial Group LLC now owns 172 shares of the business services provider's stock valued at $404,000 after acquiring an additional 12 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ:BKNG traded down $15.32 during trading on Friday, hitting $3,414.82. 218,821 shares of the company were exchanged, compared to its average volume of 206,505. The stock has a market capitalization of $116.68 billion, a P/E ratio of 28.95, a PEG ratio of 1.04 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The firm's 50 day moving average price is $3,571.22 and its 200-day moving average price is $3,371.70.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping the consensus estimate of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company's revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $24.74 EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 175.86 EPS for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 1.02%. Booking's payout ratio is 29.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BKNG shares. Royal Bank of Canada lifted their price target on shares of Booking from $3,550.00 to $3,900.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. B. Riley assumed coverage on shares of Booking in a research report on Wednesday, April 3rd. They set a "buy" rating and a $4,400.00 price target for the company. Tigress Financial raised their price objective on shares of Booking from $3,855.00 to $4,285.00 and gave the company a "strong-buy" rating in a research note on Thursday, December 28th. Susquehanna raised their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the company a "positive" rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3,723.41.

Insider Activity

In other news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now directly owns 33,548 shares of the company's stock, valued at approximately $114,826,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now directly owns 211 shares of the company's stock, valued at approximately $756,027.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock valued at $18,815,825 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

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.