ABN Amro Investment Solutions Has $27.55 Million Holdings in Booking Holdings Inc. $BKNG

ABN Amro Investment Solutions raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 277.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,544 shares of the business services provider’s stock after buying an additional 4,809 shares during the period. ABN Amro Investment Solutions’ holdings in Booking were worth $27,552,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BKNG. Brighton Jones LLC grew its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the fourth quarter valued at approximately $209,000. Sivia Capital Partners LLC boosted its position in shares of Booking by 25.0% in the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after acquiring an additional 33 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Booking in the second quarter worth $179,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Booking from $234.00 to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. UBS Group increased their target price on shares of Booking from $259.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 target price (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. Tigress Financial restated a “strong-buy” rating and set a $260.00 price target (up from $244.00) on shares of Booking in a research note on Wednesday, April 8th. Finally, Piper Sandler set a $195.00 price objective on Booking in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $227.05.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $179.40 on Wednesday. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $231.80. The company’s fifty day moving average is $170.69 and its 200-day moving average is $178.71. The company has a market capitalization of $139.01 billion, a PE ratio of 23.60, a P/E/G ratio of 1.07 and a beta of 1.07.

Booking (NASDAQ:BKNG) last announced its 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. The business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, analysts forecast that Booking Holdings Inc. will post 10.45 EPS for the current year.

Booking Announces Dividend

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

About Booking

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.