Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,193 shares of the business services provider’s stock after acquiring an additional 128 shares during the period. Natixis Advisors LLC’s holdings in Booking were worth $60,187,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after buying an additional 21,969 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth $1,742,160,000. Fisher Asset Management LLC increased its holdings in shares of Booking by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after buying an additional 15,303 shares during the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $3,909.23 on Monday. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32. The stock has a market cap of $131.04 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.19 and a beta of 1.38. The stock’s 50 day moving average price is $3,791.96 and its 200 day moving average price is $3,696.62.

Booking (NASDAQ:BKNG) last posted 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 firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $37.62 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Friday, September 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is 26.25%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the business’s 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 transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paulo Pisano sold 100 shares of the business’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 transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BKNG. Evercore ISI dropped their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Benchmark cut their price objective on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a research report on Monday, May 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research report on Monday, August 5th. Finally, DA Davidson cut their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. 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. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,068.32.

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.