C Partners Holding GmbH Sells 3,951 Shares of Booking Holdings Inc. $BKNG

C Partners Holding GmbH lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 42.6% during the fourth quarter, Holdings Channel reports. The fund owned 5,318 shares of the business services provider’s stock after selling 3,951 shares during the quarter. Booking comprises 7.7% of C Partners Holding GmbH’s portfolio, making the stock its 7th biggest holding. C Partners Holding GmbH’s holdings in Booking were worth $28,480,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Monetary Management Group Inc. boosted its stake in shares of Booking by 1.1% during the third quarter. Monetary Management Group Inc. now owns 188 shares of the business services provider’s stock valued at $1,015,000 after acquiring an additional 2 shares during the last quarter. Elgethun Capital Management boosted its stake in shares of Booking by 2.1% during the third quarter. Elgethun Capital Management now owns 97 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 2 shares during the last quarter. First Western Trust Bank boosted its stake in shares of Booking by 3.4% during the third quarter. First Western Trust Bank now owns 60 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 2 shares during the last quarter. CGN Advisors LLC boosted its stake in shares of Booking by 3.6% during the fourth quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 2 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its stake in shares of Booking by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 2 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKNG shares. Wells Fargo & Company set a $215.00 price objective on Booking and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Booking from $210.00 to $202.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley raised Booking from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $246.00 to $220.00 in a research note on Monday, February 23rd. BTIG Research reaffirmed a “buy” rating and set a $250.00 price objective on shares of Booking in a research note on Friday, May 29th. Finally, Gordon Haskett increased their target price on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.14.

Booking Price Performance

Booking stock opened at $175.72 on Wednesday. The stock’s 50-day moving average is $169.73 and its 200-day moving average is $183.94. The company has a market cap of $136.16 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.08. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $233.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.52 billion. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Research analysts anticipate that Booking Holdings Inc. will post 10.44 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 5th. Booking’s dividend payout ratio (DPR) is presently 22.11%.

Insider Activity at Booking

In related news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the sale, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director owned 16,050 shares in the company, valued at approximately $3,081,600. The trade was a 6.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 80,351 shares of company stock worth $13,545,706. 0.16% of the stock is currently owned by company insiders.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.