Ameriprise Financial Inc. Has $937.08 Million Holdings in Booking Holdings Inc. $BKNG

Ameriprise Financial Inc. cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,860 shares of the business services provider’s stock after selling 28,281 shares during the quarter. Ameriprise Financial Inc. owned 0.50% of Booking worth $937,081,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd grew its stake in Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after buying an additional 69 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after acquiring an additional 11,829 shares during the period. Covey Capital Advisors LLC boosted its position in shares of Booking by 1.0% during the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after acquiring an additional 11 shares in the last quarter. Atria Investments Inc boosted its position in shares of Booking by 12.7% during the 2nd quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after acquiring an additional 259 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Booking by 67.3% in the second quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock valued at $174,893,000 after acquiring an additional 12,148 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent analyst reports. Barclays upped their target price on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho set a $6,000.00 price target on Booking in a report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price objective on Booking in a research note on Wednesday, October 29th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research report on Monday, November 24th. Finally, Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price for the company in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6,149.23.

Booking Trading Up 0.4%

NASDAQ:BKNG opened at $5,301.64 on Friday. The stock’s 50-day moving average is $5,061.02 and its 200-day moving average is $5,379.40. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap of $170.87 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

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

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,388 shares of company stock worth $17,629,822 over the last 90 days. 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.