Signaturefd LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Signaturefd LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 316 shares of the business services provider’s stock after selling 30 shares during the period. Signaturefd LLC’s holdings in Booking were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after buying an additional 12,456 shares during the period. Janus Henderson Group PLC lifted its position in Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after acquiring an additional 21,969 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Booking by 3.1% in the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares during the period. Mawer Investment Management Ltd. grew its position in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after acquiring an additional 43,743 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Booking by 22.1% during the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after purchasing an additional 28,904 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 1.5 %

Booking stock opened at $4,313.01 on Thursday. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,395.00. The firm has a market capitalization of $146.33 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.33 and a beta of 1.40. The firm has a 50-day moving average price of $4,029.83 and a two-hundred day moving average price of $3,838.71.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $37.62 earnings per share. Research analysts expect that Booking Holdings Inc. will post 177.05 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is 26.25%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lowered their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Oppenheimer reduced their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JMP Securities increased their target price on Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,164.11.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

Booking 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.