Boston Common Asset Management LLC Sells 16 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Boston Common Asset Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the 3rd quarter, Holdings Channel reports. The firm owned 2,832 shares of the business services provider’s stock after selling 16 shares during the period. Boston Common Asset Management LLC’s holdings in Booking were worth $11,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Barden Capital Management Inc. increased its position in Booking by 17.6% during the 4th quarter. Barden Capital Management Inc. now owns 300 shares of the business services provider’s stock valued at $1,064,000 after purchasing an additional 45 shares during the period. Gotham Asset Management LLC increased its stake in Booking by 21.4% in the 4th quarter. Gotham Asset Management LLC now owns 3,843 shares of the business services provider’s stock valued at $13,632,000 after buying an additional 678 shares during the last quarter. Foxhaven Asset Management LP grew its position in Booking by 12.8% during the fourth quarter. Foxhaven Asset Management LP now owns 44,892 shares of the business services provider’s stock valued at $159,242,000 after buying an additional 5,107 shares during the period. Profund Advisors LLC grew its holdings in Booking by 15.7% during the fourth quarter. Profund Advisors LLC now owns 3,442 shares of the business services provider’s stock valued at $12,210,000 after purchasing an additional 468 shares during the period. Finally, PARUS FINANCE UK Ltd raised its stake in Booking by 0.3% in the 4th quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock valued at $3,061,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a report on Monday, August 5th. B. Riley decreased their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark reduced their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Eleven 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,092.68.

Booking Trading Down 0.1 %

Shares of BKNG opened at $4,288.22 on Friday. The firm has a market cap of $143.74 billion, a PE ratio of 30.02, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,308.00. The firm has a fifty day simple moving average of $3,854.31 and a two-hundred day simple moving average of $3,788.48.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The firm 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $37.62 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.82%. Booking’s payout ratio is 24.50%.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

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.