Van Lanschot Kempen Investment Management N.V. Sells 33 Shares of Booking Holdings Inc. $BKNG

Van Lanschot Kempen Investment Management N.V. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,089 shares of the business services provider’s stock after selling 33 shares during the quarter. Booking accounts for 4.0% of Van Lanschot Kempen Investment Management N.V.’s portfolio, making the stock its 4th largest position. Van Lanschot Kempen Investment Management N.V. owned approximately 0.26% of Booking worth $382,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after buying an additional 30,054 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the period. Northern Trust Corp lifted its position in Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after acquiring an additional 1,699 shares in the last quarter. Deutsche Bank AG lifted its position in Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after acquiring an additional 18,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Booking by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock worth $1,023,655,000 after purchasing an additional 8,015 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of several recent research reports. UBS Group lifted their price target on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wedbush reiterated a “neutral” rating and set a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, DA Davidson raised their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,781.04.

Booking Price Performance

BKNG stock opened at $5,532.00 on Tuesday. The company has a fifty day moving average price of $5,558.69 and a two-hundred day moving average price of $5,131.66. Booking Holdings Inc. has a one year low of $3,610.44 and a one year high of $5,839.41. The stock has a market cap of $179.29 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $41.90 earnings per share. Research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s dividend payout ratio (DPR) is 26.71%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 4,052 shares of company stock worth $22,511,858 in the last three months. Company insiders own 0.16% of the company’s stock.

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.