Commerzbank Aktiengesellschaft FI Has $23 Million Holdings in Booking Holdings Inc. $BKNG

Commerzbank Aktiengesellschaft FI increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,260 shares of the business services provider’s stock after purchasing an additional 182 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Booking were worth $23,001,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after acquiring an additional 3 shares during the period. Westside Investment Management Inc. raised its position in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management bought a new stake in Booking during the third quarter worth $32,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in shares of Booking in the 2nd quarter valued at $41,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the sale, the director directly owned 687 shares in the company, valued at $3,566,320.05. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,324 shares of company stock worth $17,190,323. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BKNG shares. UBS Group set a $6,806.00 price objective on Booking and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Truist Financial set a $5,810.00 target price on Booking in a research note on Wednesday, October 29th. Sanford C. Bernstein dropped their target price on shares of Booking from $5,433.00 to $5,407.00 and set a “market perform” rating for the company in a report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of Booking in a research note on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6,209.94.

Booking Trading Down 1.0%

NASDAQ:BKNG opened at $5,098.50 on Friday. The stock’s 50-day moving average is $5,191.00 and its 200-day moving average is $5,337.30. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap of $164.32 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the business earned $83.39 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 5th. Booking’s payout ratio is 24.96%.

Booking Profile

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.