22,079 Booking Holdings Inc. $BKNG Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the third quarter, HoldingsChannel reports. The fund owned 1,117,511 shares of the business services provider’s stock after selling 22,079 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Booking were worth $182,054,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BKNG. Bogart Wealth LLC increased its holdings in shares of Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 139 shares in the last quarter. Wilkerson Advisory Group LLC raised its position in shares of Booking by 3,550.0% in the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. First Financial Corp IN boosted its stake in Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Roble Belko & Company Inc boosted its stake in Booking by 2,400.0% in the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Finally, Arlington Trust Co LLC boosted its stake in Booking by 2,400.0% in the 2nd quarter. Arlington Trust Co LLC now owns 175 shares of the business services provider’s stock worth $31,000 after purchasing an additional 168 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 84,550 shares of company stock worth $17,426,864. 0.17% of the stock is owned by corporate insiders.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $163.92 on Wednesday. The company has a market cap of $123.17 billion, a P/E ratio of 18.14, a PEG ratio of 1.01 and a beta of 1.13. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $220.81. The stock’s fifty day moving average price is $180.09 and its 200-day moving average price is $177.47.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the firm posted $55.40 earnings per share. Booking’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 10.48 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKNG. Bank of America restated a “buy” rating and set a $234.00 price objective on shares of Booking in a research note on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and issued a $250.00 target price on shares of Booking in a report on Thursday, September 24th. Weiss Ratings upgraded shares of Booking from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. UBS Group upped their target price on shares of Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $230.00 price target on shares of Booking in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.71.

About Booking

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.