Booking Holdings Inc. $BKNG is C Partners Holding GmbH’s 7th Largest Position

C Partners Holding GmbH lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,318 shares of the business services provider’s stock after selling 3,951 shares during the quarter. Booking makes up approximately 7.7% of C Partners Holding GmbH’s portfolio, making the stock its 7th biggest position. C Partners Holding GmbH’s holdings in Booking were worth $28,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Booking during the third quarter worth approximately $26,000. Daytona Street Capital LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $27,000. Legacy Bridge LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $27,000. Camelot Portfolios LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of Booking during the third quarter worth approximately $27,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $175.72 on Wednesday. The business’s fifty day moving average price is $169.73 and its 200 day moving average price is $183.94. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $233.58. The firm has a market capitalization of $136.16 billion, a PE ratio of 23.11, a P/E/G ratio of 1.04 and a beta of 1.08.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. Booking’s quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts expect that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.68 annualized dividend and a yield of 1.0%. Booking’s dividend payout ratio is 22.11%.

Analysts Set New Price Targets

Several research firms have recently commented on BKNG. Benchmark cut their price target on Booking from $256.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Robert W. Baird cut their price target on Booking from $234.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Susquehanna set a $260.00 price target on Booking in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating and set a $215.00 price target (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. Finally, BTIG Research restated a “buy” rating and set a $250.00 price target on shares of Booking in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $227.14.

Insider Buying and Selling at Booking

In other Booking news, VP Peter J. Millones sold 62,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the sale, the vice president owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,050 shares in the company, valued at $3,081,600. This trade represents a 6.55% 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 80,351 shares of company stock valued at $13,545,706. Insiders own 0.16% of the company’s stock.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.