Andra AP fonden Sells 2,500 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Andra AP fonden reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 22.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,800 shares of the business services provider’s stock after selling 2,500 shares during the period. Andra AP fonden’s holdings in Booking were worth $34,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. LGT Fund Management Co Ltd. acquired a new position in Booking during the second quarter worth $3,229,000. LGT Group Foundation grew its holdings in shares of Booking by 1.4% in the 2nd quarter. LGT Group Foundation now owns 12,876 shares of the business services provider’s stock worth $51,008,000 after purchasing an additional 179 shares during the last quarter. Choreo LLC increased its position in shares of Booking by 338.9% during the 2nd quarter. Choreo LLC now owns 1,308 shares of the business services provider’s stock worth $5,090,000 after purchasing an additional 1,010 shares in the last quarter. Fairbanks Capital Management Inc. boosted its position in Booking by 2.3% in the second quarter. Fairbanks Capital Management Inc. now owns 1,012 shares of the business services provider’s stock valued at $4,009,000 after buying an additional 23 shares in the last quarter. Finally, First Foundation Advisors grew its stake in Booking by 10.2% during the second quarter. First Foundation Advisors now owns 97 shares of the business services provider’s stock worth $384,000 after buying an additional 9 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $3,802.89 on Tuesday. The company has a market capitalization of $127.47 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,144.32. The company’s 50 day moving average price is $3,772.05 and its two-hundred day moving average price is $3,698.81.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $37.62 EPS. Analysts forecast that Booking Holdings Inc. will post 177.03 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced 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 0.92%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is 26.25%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKNG. Oppenheimer cut their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Truist Financial assumed coverage on Booking in a report on Friday. They issued a “hold” rating and a $4,100.00 price target for the company. B. Riley lowered their price objective on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4,064.21.

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.