DekaBank Deutsche Girozentrale Acquires 2,921 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

DekaBank Deutsche Girozentrale grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,018 shares of the business services provider’s stock after acquiring an additional 2,921 shares during the period. DekaBank Deutsche Girozentrale owned 0.13% of Booking worth $186,155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter valued at $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKNG. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. B. Riley reduced their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer increased their price target on Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush upped their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday. Finally, Benchmark cut their target price on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,256.89.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Booking Trading Up 0.2 %

Shares of NASDAQ BKNG opened at $4,347.82 on Friday. The company has a market cap of $145.74 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.33 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,395.00. The stock has a 50-day moving average price of $4,058.49 and a two-hundred day moving average price of $3,849.23.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $37.62 EPS. On average, sell-side analysts predict that Booking Holdings Inc. will post 177.17 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. Booking’s dividend payout ratio is currently 24.50%.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.