Pensioenfonds Rail & OV Sells 5,418 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Pensioenfonds Rail & OV lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 36.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,336 shares of the business services provider’s stock after selling 5,418 shares during the period. Pensioenfonds Rail & OV’s holdings in Booking were worth $33,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management bought a new position in shares of Booking during the 4th quarter valued at about $25,000. Naples Money Management LLC bought a new position in Booking during the 4th quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new position in Booking during the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the 4th quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Booking in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at approximately $649,640.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value 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. Over the last 90 days, insiders sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. B. Riley assumed coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 target price on the stock. Wells Fargo & Company boosted their price objective on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Argus upped their target price on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Bank of America boosted their price target on Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $3,850.00 price target on shares of Booking in a report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3,902.54.

Booking Price Performance

Shares of NASDAQ BKNG traded down $32.00 during mid-day trading on Wednesday, hitting $3,982.38. The company’s stock had a trading volume of 164,934 shares, compared to its average volume of 255,818. The stock has a market cap of $135.12 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.20 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,624.50 and a one year high of $4,033.00. The company’s fifty day simple moving average is $3,726.45 and its 200-day simple moving average is $3,614.06.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $11.60 EPS. On average, sell-side analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.88%. Booking’s dividend payout ratio is currently 26.25%.

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.