Erste Asset Management GmbH lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,731 shares of the business services provider’s stock after buying an additional 4,343 shares during the period. Booking makes up 1.3% of Erste Asset Management GmbH’s holdings, making the stock its 14th biggest position. Erste Asset Management GmbH’s holdings in Booking were worth $155,490,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Booking in the third quarter worth about $26,000. Daytona Street Capital LLC purchased a new position in shares of Booking in the fourth quarter worth about $27,000. Legacy Bridge LLC purchased a new position in shares of Booking in the fourth quarter worth about $27,000. Camelot Portfolios LLC purchased a new position in shares of Booking in the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new position in shares of Booking in the third quarter worth about $27,000. 92.42% of the stock is owned by hedge funds and other institutional investors.
Booking Price Performance
Shares of BKNG opened at $165.84 on Monday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $233.58. The stock has a market cap of $128.51 billion, a PE ratio of 21.81, a P/E/G ratio of 0.99 and a beta of 1.08. The firm has a 50-day simple moving average of $169.79 and a two-hundred day simple moving average of $184.97.
Booking Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. Booking’s dividend payout ratio (DPR) is currently 22.11%.
Insider Buying and Selling at Booking
In other Booking news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of Booking stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the sale, the chief executive officer owned 298,174 shares of the company’s stock, valued at approximately $55,269,532.64. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,076 shares of company stock worth $16,417,121 over the last three months. Insiders own 0.16% of the company’s stock.
Wall Street Analysts Forecast Growth
BKNG has been the topic of several research reports. Tigress Financial reissued a “strong-buy” rating and issued a $260.00 price target (up from $244.00) on shares of Booking in a research note on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Piper Sandler set a $195.00 price target on shares of Booking in a research note on Wednesday, April 29th. Robert W. Baird decreased their price target on shares of Booking from $234.00 to $215.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, KeyCorp cut their price objective on shares of Booking from $260.00 to $237.40 and set an “overweight” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $227.14.
View Our Latest Stock Report on BKNG
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.
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