Macquarie Group Ltd. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 66.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,499 shares of the business services provider’s stock after selling 41,911 shares during the period. Macquarie Group Ltd.’s holdings in Booking were worth $115,134,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Life Cycle Investment Partners Ltd purchased a new stake in Booking in the 4th quarter worth $361,463,000. Cardano Risk Management B.V. increased its stake in Booking by 7.2% in the 3rd quarter. Cardano Risk Management B.V. now owns 22,669 shares of the business services provider’s stock worth $122,396,000 after buying an additional 1,514 shares in the last quarter. Rit Capital Partners PLC purchased a new stake in Booking in the 4th quarter worth $51,396,000. Longbow Finance SA increased its stake in Booking by 121.9% in the 3rd quarter. Longbow Finance SA now owns 1,875 shares of the business services provider’s stock worth $10,124,000 after buying an additional 1,030 shares in the last quarter. Finally, Rathbones Group PLC grew its position in shares of Booking by 20.5% during the fourth quarter. Rathbones Group PLC now owns 64,908 shares of the business services provider’s stock valued at $347,604,000 after purchasing an additional 11,042 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Booking Trading Up 0.8%
Shares of NASDAQ:BKNG opened at $164.94 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $233.58. The company has a 50-day moving average price of $169.43 and a 200 day moving average price of $184.10. The company has a market cap of $127.81 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.98 and a beta of 1.08.
Booking Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $0.42 dividend. The ex-dividend date of this dividend 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 presently 22.11%.
Insider Activity at Booking
In related news, VP Peter J. Millones sold 62,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the 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 completion of the transaction, the chief executive officer directly owned 298,174 shares of the company’s stock, valued at approximately $55,269,532.64. The trade was a 5.31% 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. In the last quarter, insiders sold 97,076 shares of company stock valued at $16,417,121. Insiders own 0.16% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BKNG. Wells Fargo & Company set a $215.00 price objective on Booking and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane cut their price objective on Booking from $244.00 to $240.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Robert W. Baird cut their price objective on Booking from $234.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald restated a “neutral” rating and set a $175.00 price objective (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. Finally, Susquehanna set a $260.00 price objective on Booking in a research report on Friday, February 20th. One equities research 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. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $227.14.
Get Our Latest Stock Report on BKNG
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.
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