Mn Services Vermogensbeheer B.V. Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mn Services Vermogensbeheer B.V. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,802 shares of the business services provider’s stock after selling 200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Booking were worth $54,677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Global Assets Advisory LLC purchased a new position in Booking during the first quarter valued at $401,371,000. Baader Bank Aktiengesellschaft boosted its stake in Booking by 35.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after purchasing an additional 497 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Booking by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after purchasing an additional 729 shares during the last quarter. Commerce Bank increased its stake in Booking by 1.5% during the 4th quarter. Commerce Bank now owns 18,954 shares of the business services provider’s stock valued at $67,234,000 after purchasing an additional 280 shares in the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in Booking in the fourth quarter worth about $879,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Booking Stock Up 1.7 %

NASDAQ:BKNG traded up $62.49 on Friday, reaching $3,830.58. 223,343 shares of the company’s stock traded hands, compared to its average volume of 258,373. The stock has a 50-day simple moving average of $3,801.62 and a 200-day simple moving average of $3,693.19. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32. The firm has a market cap of $129.96 billion, a PE ratio of 28.73, a P/E/G ratio of 1.10 and a beta of 1.38.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the company earned $37.62 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Booking Holdings Inc. will post 177.09 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is currently 26.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BKNG shares. Oppenheimer cut their price target on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Tigress Financial boosted their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,068.32.

Booking Company 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.