Commerzbank Aktiengesellschaft FI Sells 2,803 Shares of Booking Holdings Inc. $BKNG

Commerzbank Aktiengesellschaft FI trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 86.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 433 shares of the business services provider’s stock after selling 2,803 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Booking were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking during the 4th quarter valued at $209,000. Sivia Capital Partners LLC boosted its stake in Booking by 25.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after purchasing an additional 33 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Booking by 50.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after purchasing an additional 29 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Booking in the 2nd quarter worth $179,000. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In other Booking news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.17% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $179.40 on Wednesday. The business’s fifty day moving average price is $170.69 and its 200-day moving average price is $178.71. The stock has a market capitalization of $139.01 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.07 and a beta of 1.07. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) 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 the consensus estimate of $5.52 billion. During the same period last year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 10.45 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. Booking’s dividend payout ratio (DPR) is presently 22.11%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKNG. BMO Capital Markets decreased their price target on Booking from $248.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company set a $214.00 price objective on Booking and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. BTIG Research reiterated a “buy” rating and issued a $250.00 price objective on shares of Booking in a report on Friday, May 29th. Mizuho decreased their target price on Booking from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Piper Sandler set a $195.00 target price on shares of Booking in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $227.05.

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.