AMF Tjanstepension AB Has $23.48 Million Stock Holdings in Booking Holdings Inc. $BKNG

AMF Tjanstepension AB decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 73.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,348 shares of the business services provider’s stock after selling 11,943 shares during the period. AMF Tjanstepension AB’s holdings in Booking were worth $23,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Westside Investment Management Inc. raised its stake in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its position in Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares in the last quarter. Barnes Dennig Private Wealth Management LLC lifted its stake in Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the last quarter. Davis Capital Management acquired a new stake in Booking in the third quarter valued at approximately $32,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Booking during the second quarter worth $41,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKNG. Citigroup reiterated a “market outperform” rating on shares of 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 Tuesday, December 23rd. Seaport Research Partners boosted their price target on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein lowered their price objective on Booking from $5,433.00 to $5,407.00 and set a “market perform” rating for the company in a research note on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Sunday, January 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6,209.94.

Insiders Place Their Bets

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the business’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 $200,000.00. Following the completion of the sale, the director directly owned 960 shares of the company’s stock, valued at $4,800,000. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the transaction, the chief executive officer directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,324 shares of company stock valued at $17,190,323 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Booking Trading Down 1.0%

Shares of BKNG opened at $5,098.50 on Friday. The stock has a market capitalization of $164.32 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm’s fifty day simple moving average is $5,191.00 and its two-hundred day simple moving average is $5,337.30. 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 posted its quarterly earnings data 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 firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $83.39 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s payout ratio is 24.96%.

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.