Banque Transatlantique SA Has $37.93 Million Stock Holdings in Booking Holdings Inc. $BKNG

Banque Transatlantique SA raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 44,175.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,084 shares of the business services provider’s stock after buying an additional 7,068 shares during the period. Booking comprises about 0.9% of Banque Transatlantique SA’s holdings, making the stock its 23rd largest position. Banque Transatlantique SA’s holdings in Booking were worth $37,932,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Life Cycle Investment Partners Ltd purchased a new stake in shares of Booking during the fourth quarter valued at approximately $361,463,000. Rit Capital Partners PLC purchased a new position in Booking in the 4th quarter worth approximately $51,396,000. Rathbones Group PLC raised its holdings in Booking by 20.5% in the 4th quarter. Rathbones Group PLC now owns 64,908 shares of the business services provider’s stock worth $347,604,000 after acquiring an additional 11,042 shares during the last quarter. ProShare Advisors LLC lifted its position in Booking by 36.7% in the 4th quarter. ProShare Advisors LLC now owns 56,087 shares of the business services provider’s stock valued at $300,364,000 after acquiring an additional 15,053 shares in the last quarter. Finally, Cardano Risk Management B.V. lifted its position in Booking by 862.0% in the 4th quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock valued at $1,167,890,000 after acquiring an additional 195,411 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 0.1%

BKNG opened at $171.78 on Friday. The company’s 50 day moving average is $169.61 and its 200 day moving average is $183.60. The company has a market cap of $133.11 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.02 and a beta of 1.08. Booking Holdings Inc. has a 12-month low of $150.14 and a 12-month high of $233.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that Booking Holdings Inc. will post 10.44 EPS 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 given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. Booking’s payout ratio is presently 22.11%.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,050 shares in the company, valued at $3,081,600. This represents a 6.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. This trade represents 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. Insiders sold 80,351 shares of company stock worth $13,545,706 in the last three months. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group reduced their target price on Booking from $226.00 to $223.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Royal Bank Of Canada lowered their price target on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. HSBC dropped their price objective on Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Evercore set a $245.00 price objective on Booking in a report on Wednesday, April 29th. Finally, BMO Capital Markets decreased their target price on Booking from $248.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. One 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. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $227.14.

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.