Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,569 shares of the business services provider’s stock after selling 432 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Booking were worth $31,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. Norges Bank purchased a new position in shares of Booking in the 4th quarter valued at about $1,742,160,000. Fisher Asset Management LLC grew its holdings in Booking by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after purchasing an additional 15,381 shares during the last quarter. Sanders Capital LLC increased its position in shares of Booking by 3.5% in the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after buying an additional 9,419 shares in the last quarter. Lone Pine Capital LLC raised its stake in shares of Booking by 2.0% during the 4th quarter. Lone Pine Capital LLC now owns 152,501 shares of the business services provider’s stock worth $540,955,000 after buying an additional 3,052 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Booking by 28.8% in the 4th quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after buying an additional 29,316 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. DA Davidson upped their price objective on Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, B. Riley initiated coverage on Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

Booking Trading Up 0.8 %

BKNG traded up $31.33 on Tuesday, reaching $3,916.21. The company had a trading volume of 168,790 shares, compared to its average volume of 254,844. Booking Holdings Inc. has a one year low of $2,624.50 and a one year high of $4,040.00. The company has a market capitalization of $132.88 billion, a P/E ratio of 29.39, a PEG ratio of 1.18 and a beta of 1.38. The company has a fifty day moving average of $3,768.17 and a 200-day moving average of $3,629.72.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business earned $11.60 earnings per share. Research analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Insider Activity

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now directly owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares in the company, valued at approximately $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. Insiders sold a total of 1,021 shares of company stock worth $3,617,852 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

About Booking

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.