Capital International Inc. CA Has $27.12 Million Stock Position in Booking Holdings Inc. $BKNG

Capital International Inc. CA decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 40.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,064 shares of the business services provider’s stock after selling 3,452 shares during the quarter. Capital International Inc. CA’s holdings in Booking were worth $27,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Brighton Jones LLC grew its stake in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Booking in the 4th quarter valued at $209,000. Sivia Capital Partners LLC grew its stake in Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after buying an additional 33 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in Booking by 50.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock valued at $504,000 after buying an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Booking in the 2nd quarter valued at $179,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on BKNG shares. Citigroup lowered their target price on shares of Booking from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Booking from $210.00 to $202.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Morgan Stanley raised shares of Booking from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $246.00 to $220.00 in a report on Monday, February 23rd. Wells Fargo & Company set a $215.00 price target on shares of Booking and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Evercore set a $245.00 price target on shares of Booking in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $227.14.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. This trade represents a 6.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares of the company’s stock, valued at $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 97,076 shares of company stock valued at $16,417,121. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $165.84 on Monday. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $233.58. The firm has a fifty day moving average price of $169.79 and a two-hundred day moving average price of $184.97. The company has a market cap of $128.51 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Analysts expect that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. Booking’s dividend payout ratio (DPR) is presently 22.11%.

About Booking

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.