Robeco Institutional Asset Management B.V. Sells 21,659 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Robeco Institutional Asset Management B.V. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 45.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,653 shares of the business services provider’s stock after selling 21,659 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Booking worth $910,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BKNG. Larson Financial Group LLC increased its stake in shares of Booking by 3,200.0% in the third quarter. Larson Financial Group LLC now owns 33 shares of the business services provider’s stock worth $102,000 after purchasing an additional 32 shares during the period. Corient Private Wealth LLC increased its position in Booking by 0.4% in the 3rd quarter. Corient Private Wealth LLC now owns 10,714 shares of the business services provider’s stock worth $33,041,000 after buying an additional 45 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in shares of Booking by 0.7% during the third quarter. Pinnacle Financial Partners Inc now owns 2,796 shares of the business services provider’s stock worth $8,623,000 after buying an additional 19 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Booking in the third quarter valued at approximately $225,000. Finally, Kavar Capital Partners Group LLC acquired a new stake in shares of Booking in the third quarter worth $200,000. 92.42% of the stock is owned by institutional investors.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the sale, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold 5,651 shares of company stock worth $19,485,975 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

BKNG opened at $3,752.68 on Friday. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The company has a market cap of $127.33 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The firm has a 50 day simple moving average of $3,597.08 and a 200 day simple moving average of $3,490.14.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the company posted $11.60 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.93%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna raised their price target on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. BMO Capital Markets restated an “outperform” rating and set a $4,205.00 price target (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Barclays decreased their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Finally, DA Davidson raised their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,876.96.

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.