Clearbridge Investments LLC Sells 1,270 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Clearbridge Investments LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,056 shares of the business services provider’s stock after selling 1,270 shares during the quarter. Clearbridge Investments LLC’s holdings in Booking were worth $56,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Booking during the 4th quarter worth $1,742,160,000. Pacer Advisors Inc. lifted its position in shares of Booking by 2,479.0% during the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after buying an additional 112,249 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking during the 4th quarter worth $3,774,850,000. Royal London Asset Management Ltd. lifted its position in shares of Booking by 139.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 65,179 shares of the business services provider’s stock worth $201,166,000 after buying an additional 37,994 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Booking by 41.8% during the 3rd quarter. Nordea Investment Management AB now owns 101,736 shares of the business services provider’s stock worth $317,313,000 after buying an additional 30,015 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. B. Riley assumed coverage on Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 target price for the company. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Susquehanna increased their price target on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research note on Monday, February 26th. Finally, HSBC increased their price target on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Ten equities research 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 data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,876.96.

Read Our Latest Stock Analysis on Booking

Booking Trading Up 0.1 %

Shares of Booking stock opened at $3,825.10 on Thursday. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The firm has a market capitalization of $129.79 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The business’s fifty day simple moving average is $3,592.26 and its 200 day simple moving average is $3,488.31.

Booking (NASDAQ:BKNGGet Free Report) last posted 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. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the business earned $11.60 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. Analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s payout ratio is currently 26.25%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 300 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at approximately $815,101.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. In the last three months, insiders sold 5,651 shares of company stock worth $19,485,975. 0.12% of the stock is currently owned by corporate insiders.

About Booking

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNGFree Report).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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