Ameriprise Financial Inc. Has $937.08 Million Position in Booking Holdings Inc. $BKNG

Ameriprise Financial Inc. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,860 shares of the business services provider’s stock after selling 28,281 shares during the period. Ameriprise Financial Inc.’s holdings in Booking were worth $937,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new stake in Booking in the first quarter worth approximately $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. grew its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after buying an additional 4 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Booking in the 1st quarter valued at $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Booking during the 2nd quarter valued at $35,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the sale, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,388 shares of company stock worth $17,629,822. 0.16% of the stock is owned by company insiders.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,301.64 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The business has a fifty day moving average price of $5,061.02 and a two-hundred day moving average price of $5,379.40. The company has a market capitalization of $170.87 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $83.39 earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. Robert W. Baird set a $6,325.00 price target on shares of Booking in a report on Wednesday, October 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a research note on Thursday, October 30th. BNP Paribas Exane started coverage on Booking in a research note on Monday, November 24th. They set an “outperform” rating and a $6,100.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. Finally, Benchmark raised their price objective on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6,149.23.

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.