Mn Services Vermogensbeheer B.V. Sells 6,300 Shares of Booking Holdings Inc. $BKNG

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 51.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,002 shares of the business services provider’s stock after selling 6,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Booking were worth $32,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC grew its holdings in Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after buying an additional 4 shares during the period. Davis Capital Management bought a new stake in shares of Booking during the 3rd quarter worth $32,000. Barnes Dennig Private Wealth Management LLC grew its stake in Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. Finally, Howard Hughes Medical Institute bought a new position in Booking in the 2nd quarter worth $41,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 953 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the completion of the transaction, the chief executive officer owned 19,615 shares of the company’s stock, valued at $101,631,984.10. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the sale, the director owned 687 shares in the company, valued at approximately $3,566,320.05. This represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,324 shares of company stock worth $17,190,323. 0.16% of the stock is currently owned by insiders.

Booking Trading Down 1.0%

BKNG opened at $5,098.50 on Friday. The stock’s 50 day simple moving average is $5,191.00 and its 200-day simple moving average is $5,339.91. The stock has a market cap of $164.32 billion, a PE ratio of 33.14, a P/E/G ratio of 1.12 and a beta of 1.23. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $83.39 earnings per share. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, December 5th. Booking’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial set a $5,810.00 price target on shares of Booking in a report on Wednesday, October 29th. UBS Group set a $6,806.00 target price on Booking and gave the company a “buy” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald raised their target price on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company upped their price target on Booking from $5,523.00 to $5,954.00 and gave the stock an “equal weight” rating in a report on Friday, January 9th. Finally, Mizuho set a $6,000.00 price objective on Booking in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6,209.94.

About Booking

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.