Nissay Asset Management Corp Japan Has $41.10 Million Holdings in Booking Holdings Inc. $BKNG

Nissay Asset Management Corp Japan raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2,494.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,588 shares of the business services provider’s stock after purchasing an additional 221,700 shares during the period. Nissay Asset Management Corp Japan’s holdings in Booking were worth $41,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG acquired a new position in Booking in the 2nd quarter worth $11,687,000. MBM Wealth Consultants LLC raised its stake in shares of Booking by 2,860.8% in the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock valued at $2,238,000 after purchasing an additional 12,130 shares during the period. Life Cycle Investment Partners Ltd acquired a new stake in shares of Booking in the 4th quarter valued at about $361,463,000. Merit Financial Group LLC lifted its holdings in shares of Booking by 1,663.9% in the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock valued at $5,115,000 after purchasing an additional 27,071 shares in the last quarter. Finally, Rit Capital Partners PLC bought a new stake in shares of Booking in the fourth quarter valued at about $51,396,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BKNG. Mizuho set a $240.00 price objective on Booking in a report on Wednesday, August 5th. Wedbush upped their price target on Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Bank of America reaffirmed a “buy” rating and set a $234.00 price target on shares of Booking in a research note on Wednesday, August 5th. Argus lifted their price objective on shares of Booking from $210.00 to $245.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Booking in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.45.

Insiders Place Their Bets

In related news, Director Vanessa Ames Wittman sold 375 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $211.00, for a total value of $79,125.00. Following the sale, the director owned 16,133 shares in the company, valued at approximately $3,404,063. This represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the sale, the director directly owned 15,000 shares of the company’s stock, valued at $3,100,500. This represents a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 77,550 shares of company stock valued at $16,112,304. Corporate insiders own 0.17% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $205.63 on Friday. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $226.10. The company has a market cap of $154.51 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.22 and a beta of 1.07. The stock’s 50-day simple moving average is $192.18 and its 200 day simple moving average is $177.64.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the company earned $55.40 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is currently 18.58%.

Booking Company 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.