Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,933 shares of the business services provider’s stock after buying an additional 57 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Booking were worth $7,658,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Naples Money Management LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking during the fourth quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Booking during the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Booking during the second quarter worth about $32,000. Finally, Transcendent Capital Group LLC acquired a new position in Booking in the 4th quarter valued at about $35,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKNG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $4,205.00 price target (up previously from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Tigress Financial lifted their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,068.32.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $0.49 on Tuesday, hitting $3,702.50. 175,985 shares of the company’s stock were exchanged, compared to its average volume of 259,100. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The company has a market capitalization of $125.62 billion, a PE ratio of 27.77, a P/E/G ratio of 1.09 and a beta of 1.38. The firm’s 50-day moving average is $3,806.72 and its 200 day moving average is $3,690.56.

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, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company posted $37.62 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.95%. Booking’s dividend payout ratio is currently 26.25%.

About Booking

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.