Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Trimmed by Ninety One UK Ltd

Ninety One UK Ltd reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,434 shares of the business services provider’s stock after selling 528 shares during the period. Booking makes up 3.6% of Ninety One UK Ltd’s portfolio, making the stock its 3rd biggest position. Ninety One UK Ltd owned approximately 0.98% of Booking worth $1,214,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Activest Wealth Management purchased a new stake in shares of Booking in the fourth quarter worth $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of Booking in the fourth quarter worth $28,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of Booking during the fourth quarter valued at $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Insiders sold 5,461 shares of company stock worth $18,815,825 in the last quarter. 0.15% of the stock is owned by corporate insiders.

Booking Stock Down 0.0 %

NASDAQ BKNG traded down $0.06 during trading on Thursday, hitting $3,443.85. 70,883 shares of the stock traded hands, compared to its average volume of 272,858. The company has a market capitalization of $117.68 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The firm has a 50-day simple moving average of $3,586.29 and a 200-day simple moving average of $3,364.25. Booking Holdings Inc. has a 12-month low of $2,456.93 and a 12-month high of $3,918.00.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, beating the consensus estimate of $29.72 by $2.28. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $24.74 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is presently 29.67%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKNG shares. Barclays dropped their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Susquehanna increased their price objective on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research report on Monday, February 26th. UBS Group increased their price objective on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Edward Jones reaffirmed a “hold” rating on shares of Booking in a research report on Friday, February 16th. Finally, JMP Securities increased their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

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.