Handelsbanken Fonder AB Purchases 4,131 Shares of Booking Holdings Inc. $BKNG

Handelsbanken Fonder AB increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,159 shares of the business services provider’s stock after purchasing an additional 4,131 shares during the period. Handelsbanken Fonder AB’s holdings in Booking were worth $140,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Booking by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,914 shares of the business services provider’s stock valued at $38,132,000 after acquiring an additional 492 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in Booking by 229.6% during the third quarter. Dynasty Wealth Management LLC now owns 412 shares of the business services provider’s stock worth $2,224,000 after acquiring an additional 287 shares in the last quarter. Donaldson Capital Management LLC boosted its position in Booking by 59.6% during the third quarter. Donaldson Capital Management LLC now owns 1,119 shares of the business services provider’s stock valued at $6,042,000 after purchasing an additional 418 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Booking by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 72,604 shares of the business services provider’s stock valued at $392,009,000 after purchasing an additional 4,589 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in Booking by 124.1% in the third quarter. AlphaQuest LLC now owns 354 shares of the business services provider’s stock valued at $1,911,000 after purchasing an additional 196 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

BKNG stock opened at $156.95 on Thursday. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $233.58. The stock has a market capitalization of $121.62 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 0.92 and a beta of 1.10. The business’s fifty day moving average price is $171.70 and its two-hundred day moving average price is $188.18.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings data 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 business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations 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 was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. Research analysts expect that Booking Holdings Inc. will post 10.44 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 5th. Booking’s payout ratio is 22.11%.

More Booking News

Here are the key news stories impacting Booking this week:

Insider Buying and Selling

In other Booking 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 value of $216,000.00. Following the transaction, the director directly owned 16,050 shares of the company’s stock, valued at $3,081,600. This trade represents a 6.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total value of $3,100,331.36. Following the sale, the chief executive officer owned 298,174 shares of the company’s stock, valued at approximately $55,269,532.64. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 34,576 shares of company stock worth $6,187,746 in the last three months. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Booking from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Booking from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets lowered their price objective on shares of Booking from $248.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 target price (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Finally, TD Cowen reiterated a “buy” rating and issued a $230.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.14.

Get Our Latest Analysis on Booking

Booking Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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