Robeco Institutional Asset Management B.V. Purchases 3,933 Shares of Booking Holdings Inc. $BKNG

by · The Markets Daily

Robeco Institutional Asset Management B.V. raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,750 shares of the business services provider’s stock after buying an additional 3,933 shares during the quarter. Booking comprises about 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 21st largest position. Robeco Institutional Asset Management B.V. owned 0.27% of Booking worth $473,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GSG Advisors LLC raised its position in shares of Booking by 4.3% during the 2nd quarter. GSG Advisors LLC now owns 49 shares of the business services provider’s stock valued at $284,000 after buying an additional 2 shares in the last quarter. Bigelow Investment Advisors LLC boosted its stake in Booking by 1.9% in the second quarter. Bigelow Investment Advisors LLC now owns 108 shares of the business services provider’s stock worth $625,000 after buying an additional 2 shares in the last quarter. Grove Bank & Trust raised its stake in shares of Booking by 3.2% during the second quarter. Grove Bank & Trust now owns 65 shares of the business services provider’s stock worth $376,000 after acquiring an additional 2 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Booking by 0.4% during the 2nd quarter. Ballentine Partners LLC now owns 488 shares of the business services provider’s stock valued at $2,825,000 after purchasing an additional 2 shares during the last quarter. Finally, Five Oceans Advisors lifted its stake in Booking by 2.3% in the second quarter. Five Oceans Advisors now owns 88 shares of the business services provider’s stock worth $509,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $5,367.37 on Tuesday. The firm has a 50-day simple moving average of $5,129.92 and a two-hundred day simple moving average of $5,372.08. The firm has a market cap of $172.99 billion, a P/E ratio of 34.88, a P/E/G ratio of 1.16 and a beta of 1.23. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the business posted $83.39 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is presently 24.96%.

Insider Transactions at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the completion of the sale, the director directly owned 702 shares of the company’s stock, valued at approximately $3,764,124. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,324 shares of company stock worth $17,193,557 in the last three months. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wedbush raised Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target on the stock in a research note on Thursday, November 13th. Morgan Stanley set a $6,150.00 price target on Booking in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on Booking in a research note on Wednesday, October 29th. Gordon Haskett lifted their target price on shares of Booking from $5,620.00 to $5,710.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Finally, Bank of America upgraded Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price on the stock in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Read Our Latest Report 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.

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