Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,767 shares of the business services provider’s stock after selling 2,302 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Booking were worth $74,345,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Global Assets Advisory LLC purchased a new position in Booking during the first quarter worth approximately $401,371,000. Baader Bank Aktiengesellschaft boosted its holdings in Booking by 35.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock valued at $6,699,000 after acquiring an additional 497 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Booking by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after acquiring an additional 729 shares during the period. Commerce Bank grew its position in Booking by 1.5% during the fourth quarter. Commerce Bank now owns 18,954 shares of the business services provider’s stock valued at $67,234,000 after acquiring an additional 280 shares during the period. Finally, Great Valley Advisor Group Inc. acquired a new stake in Booking during the fourth quarter worth about $879,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 2.0 %

BKNG traded up $72.65 on Monday, hitting $3,691.51. 94,662 shares of the company’s stock were exchanged, compared to its average volume of 258,936. The stock has a fifty day moving average of $3,810.18 and a two-hundred day moving average of $3,688.56. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,144.32. The firm has a market cap of $125.25 billion, a PE ratio of 27.33, a P/E/G ratio of 1.09 and a beta of 1.38.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $37.62 EPS. On average, analysts predict that Booking Holdings Inc. will post 177.09 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.95%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. BMO Capital Markets reissued an “outperform” rating and issued a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company upped their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,068.32.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Booking Company 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.