ASR Vermogensbeheer N.V. cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,088 shares of the business services provider’s stock after selling 118 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Booking were worth $23,662,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in shares of Booking during the second quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the first quarter valued at approximately $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter valued at approximately $35,000. First PREMIER Bank increased its position in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the period. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking during the first quarter valued at approximately $32,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Stock Performance
Shares of BKNG stock opened at $5,350.56 on Thursday. The stock’s fifty day moving average is $5,533.75 and its 200-day moving average is $5,285.05. The stock has a market capitalization of $173.41 billion, a PE ratio of 37.21, a PEG ratio of 1.56 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,060.98 and a 52 week high of $5,839.41.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Cantor Fitzgerald restated a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. Barclays boosted their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Benchmark restated a “buy” rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler restated a “neutral” rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, UBS Group boosted their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5,807.89.
Read Our Latest Analysis on BKNG
Insider Buying and Selling at Booking
In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director directly owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by company insiders.
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.
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