Allspring Global Investments Holdings LLC Sells 2,369 Shares of Booking Holdings Inc. $BKNG

Allspring Global Investments Holdings LLC cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,323 shares of the business services provider’s stock after selling 2,369 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Booking worth $199,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its holdings 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. boosted its holdings in 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 last quarter. Panagora Asset Management Inc. grew its stake in shares of Booking by 67.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after acquiring an additional 12,148 shares in the last quarter. Covey Capital Advisors LLC raised its holdings in shares of Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares during the last quarter. Finally, Atria Investments Inc lifted its position in shares of Booking by 12.7% during the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BKNG. Truist Financial set a $5,810.00 price objective on shares of Booking in a research report on Wednesday, October 29th. BNP Paribas Exane assumed coverage on Booking in a report on Monday, November 24th. They issued an “outperform” rating and a $6,100.00 target price for the company. BNP Paribas set a $6,100.00 price target on Booking in a report on Monday, November 24th. Wedbush raised Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective on the stock in a research report on Thursday, November 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6,149.23.

Insider Activity at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director owned 960 shares of the company’s stock, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. The trade was a 11.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,324 shares of company stock worth $17,193,557. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Down 0.3%

BKNG stock opened at $5,427.15 on Wednesday. The stock has a 50-day simple moving average of $5,116.39 and a two-hundred day simple moving average of $5,370.96. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a market capitalization of $174.92 billion, a PE ratio of 35.27, a PEG ratio of 1.37 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 earnings per share (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 analysts’ expectations of $8.71 billion. During the same period in the prior year, the company posted $83.39 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.