Teacher Retirement System of Texas Sells 833 Shares of Booking Holdings Inc. $BKNG

Teacher Retirement System of Texas trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,153 shares of the business services provider’s stock after selling 833 shares during the period. Teacher Retirement System of Texas’ holdings in Booking were worth $81,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Geode Capital Management LLC grew its holdings in shares of Booking by 1.1% during the second quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after buying an additional 9,333 shares during the last quarter. Norges Bank bought a new position in Booking in the 2nd quarter valued at approximately $2,210,917,000. Invesco Ltd. boosted its stake in Booking by 6.8% during the 2nd quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock valued at $2,197,495,000 after purchasing an additional 24,030 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Booking by 4.9% in the 2nd quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock worth $2,183,690,000 after purchasing an additional 17,662 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after purchasing an additional 289,412 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BKNG. Morgan Stanley set a $6,150.00 price objective on Booking in a research report on Wednesday, October 29th. Wells Fargo & Company upped their target price on shares of Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Truist Financial set a $5,810.00 price objective on shares of Booking in a report on Wednesday, October 29th. Finally, B. Riley raised their target price on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6,229.61.

Booking Trading Down 0.2%

BKNG opened at $5,150.90 on Friday. The company’s 50 day moving average is $5,189.99 and its 200 day moving average is $5,344.90. The company has a market cap of $166.01 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 1.12 and a beta of 1.23. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $83.39 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were given a dividend of $9.60 per share. The ex-dividend date was Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s payout ratio is 24.96%.

Insider Activity

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the sale, the director owned 687 shares in the company, valued at approximately $3,566,320.05. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the transaction, the chief executive officer directly owned 19,615 shares in the company, valued at $101,631,984.10. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,324 shares of company stock valued at $17,190,323 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Booking Company 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.