Robeco Institutional Asset Management B.V. Has $423.35 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Robeco Institutional Asset Management B.V. cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 91,895 shares of the business services provider’s stock after selling 2,077 shares during the quarter. Booking comprises 0.8% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 18th biggest holding. Robeco Institutional Asset Management B.V.’s holdings in Booking were worth $423,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after buying an additional 2 shares in the last quarter. SageView Advisory Group LLC increased its position in Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC increased its position in Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP increased its position in Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Booking by 2.2% during the 4th quarter. Sigma Planning Corp now owns 138 shares of the business services provider’s stock worth $686,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. BTIG Research upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. UBS Group lowered their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Morgan Stanley lowered their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Finally, Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,388.37.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the transaction, the chief executive officer now directly owns 27,646 shares of the company’s stock, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Booking Stock Performance

NASDAQ:BKNG opened at $5,485.35 on Thursday. The firm’s fifty day moving average is $5,231.92 and its 200-day moving average is $4,950.49. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The firm has a market cap of $178.49 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.70 and a beta of 1.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the firm posted $20.39 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio is presently 23.89%.

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.