National Pension Service Sells 8,168 Shares of Booking Holdings Inc. $BKNG

by · The Cerbat Gem

National Pension Service lessened its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 9.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,976 shares of the business services provider’s stock after selling 8,168 shares during the period. National Pension Service’s holdings in Booking were worth $406,877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Booking by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock valued at $16,055,006,000 after buying an additional 23,159 shares during the last quarter. Invesco Ltd. grew its position in shares of Booking by 6.7% in the 3rd quarter. Invesco Ltd. now owns 405,105 shares of the business services provider’s stock valued at $2,187,269,000 after buying an additional 25,522 shares during the last quarter. Sanders Capital LLC grew its position in shares of Booking by 4.7% in the 3rd quarter. Sanders Capital LLC now owns 286,928 shares of the business services provider’s stock valued at $1,549,202,000 after buying an additional 12,897 shares during the last quarter. Legal & General Group Plc grew its position in shares of Booking by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 234,870 shares of the business services provider’s stock valued at $1,268,127,000 after buying an additional 9,398 shares during the last quarter. Finally, Amundi grew its position in shares of Booking by 7.7% in the 3rd quarter. Amundi now owns 232,769 shares of the business services provider’s stock valued at $1,261,578,000 after buying an additional 16,668 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the transaction, the director directly owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. This represents a 6.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. 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 have sold 97,076 shares of company stock valued at $16,417,121. 0.16% of the stock is owned by company insiders.

Booking Price Performance

Shares of Booking stock opened at $169.82 on Friday. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $233.58. The stock’s 50-day moving average is $170.65 and its 200 day moving average is $186.57. The firm has a market cap of $131.59 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.01 and a beta of 1.10.

Booking (NASDAQ:BKNGGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 10.44 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. Booking’s dividend payout ratio is 22.11%.

Analyst Ratings Changes

Several brokerages recently commented on BKNG. Argus upped their target price on Booking from $188.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wedbush cut their target price on Booking from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Evercore set a $245.00 target price on Booking in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Booking from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered Booking from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $227.14.

View Our Latest Report on BKNG

Booking Company Profile

(Free Report)

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.

See Also

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