Allspring Global Investments Holdings LLC Has $183.74 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Allspring Global Investments Holdings LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,623 shares of the business services provider’s stock after selling 764 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Booking worth $183,743,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Booking in the first quarter worth about $401,371,000. New Mexico Educational Retirement Board grew its stake in Booking by 20.5% during the first quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after buying an additional 400 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in Booking during the first quarter worth about $537,000. BDF Gestion bought a new stake in Booking during the second quarter worth about $6,897,000. Finally, Gamco Investors INC. ET AL bought a new stake in Booking during the first quarter worth about $519,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on BKNG shares. Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Barclays upped their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Bank of America decreased their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Truist Financial began coverage on shares of Booking in a research note on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. Finally, Evercore ISI decreased their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,130.18.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the firm’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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.

Booking Price Performance

BKNG traded down $19.95 during mid-day trading on Friday, hitting $4,350.82. The stock had a trading volume of 146,110 shares, compared to its average volume of 194,683. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,394.95. The stock’s fifty day simple moving average is $3,980.33 and its 200-day simple moving average is $3,822.64. The firm has a market capitalization of $147.61 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period last year, the business posted $37.62 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.80%. Booking’s payout ratio is 26.25%.

Booking 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.