28,659 Booking Holdings Inc. $BKNG Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 22.6% in the third quarter, Holdings Channel reports. The firm owned 155,509 shares of the business services provider’s stock after buying an additional 28,659 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Booking were worth $25,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. J. Stern & Co. LLP raised its position in Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. BlackRock Inc. bought a new position in shares of Booking during the 2nd quarter worth $11,646,302,000. State Street Corp grew its position in shares of Booking by 0.5% during the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock worth $7,685,520,000 after buying an additional 6,976 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Booking by 1,497.3% during the first quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock valued at $3,665,168,000 after buying an additional 816,022 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Booking during the second quarter valued at $1,691,186,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $159.97 on Friday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $220.81. The business has a fifty day moving average price of $186.93 and a 200-day moving average price of $178.00. The stock has a market capitalization of $120.20 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.96 and a beta of 1.13.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $55.40 earnings per share. On average, equities research analysts anticipate that Booking Holdings Inc. will post 10.49 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were paid a $0.42 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. Booking’s dividend payout ratio (DPR) is 18.58%.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $173.02, for a total value of $259,530.00. Following the completion of the transaction, the insider owned 71,900 shares in the company, valued at $12,440,138. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the sale, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. The trade was a 11.77% decrease in their position. 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. Insiders have sold 83,050 shares of company stock worth $17,182,274 in the last 90 days. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on BKNG shares. B. Riley Financial reaffirmed a “buy” rating and issued a $274.00 price objective (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Robert W. Baird set a $230.00 target price on shares of Booking in a research report on Wednesday, August 5th. TD Cowen upgraded shares of Booking to a “strong-buy” rating in a report on Monday, September 14th. Rosenblatt Securities initiated coverage on shares of Booking in a research note on Tuesday, September 1st. They set a “buy” rating and a $245.00 price objective on the stock. Finally, Cantor Fitzgerald increased their price objective on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.38.

Booking Profile

Booking Holdings Inc is a global online travel and restaurant reservation company headquartered in Norwalk, Connecticut. Through its digital platforms, the company helps consumers search for, compare and reserve accommodations, flights, rental cars, vacation packages, attractions and restaurant reservations.

Its portfolio includes Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and the travel metasearch brands Momondo and Cheapflights. Booking.com is primarily known for lodging reservations, while Priceline focuses on travel deals, Agoda serves customers across international markets with a strong presence in Asia, KAYAK and its related brands provide travel search and comparison services, and OpenTable operates a restaurant reservation platform.

The company was founded in 1997 as Priceline.com and was later renamed The Priceline Group before adopting the Booking Holdings name in 2018.