ABN Amro Investment Solutions Has $27.55 Million Stock Holdings in Booking Holdings Inc. $BKNG

ABN Amro Investment Solutions raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 277.2% during the first quarter, Holdings Channel reports. The institutional investor owned 6,544 shares of the business services provider’s stock after buying an additional 4,809 shares during the quarter. ABN Amro Investment Solutions’ holdings in Booking were worth $27,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Daytona Street Capital LLC acquired a new position in Booking during the 4th quarter valued at about $27,000. Legacy Bridge LLC bought a new position in shares of Booking in the 4th quarter valued at about $27,000. Camelot Portfolios LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Booking during the fourth quarter worth approximately $27,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler set a $195.00 price objective on shares of Booking in a report on Wednesday, April 29th. Wedbush initiated coverage on shares of Booking in a report on Thursday, July 16th. They set an “outperform” rating and a $211.00 target price for the company. Tigress Financial reiterated a “strong-buy” rating and set a $260.00 target price (up from $244.00) on shares of Booking in a research report on Wednesday, April 8th. Argus set a $210.00 price target on Booking and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Evercore set a $245.00 price target on Booking in a research report on Wednesday, April 29th. One equities research 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 stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.05.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $179.40 on Wednesday. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The stock has a market cap of $139.01 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.07 and a beta of 1.07. The firm has a 50 day moving average price of $170.69 and a 200 day moving average price of $178.71.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. Analysts predict that Booking Holdings Inc. will post 10.45 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. Booking’s dividend payout ratio (DPR) is presently 22.11%.

Insider Buying and Selling

In other Booking news, VP Peter J. Millones sold 62,500 shares of Booking 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 in the company, valued at approximately $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.17% of the company’s stock.

Booking Company 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.