E. Ohman J or Asset Management AB Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

E. Ohman J or Asset Management AB reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444 shares of the business services provider’s stock after selling 22 shares during the period. E. Ohman J or Asset Management AB’s holdings in Booking were worth $6,082,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking during the 3rd quarter valued at $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking in the second quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Benchmark cut their price objective on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Tigress Financial increased their price target on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, B. Riley reduced their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,183.75.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

Booking Price Performance

Booking stock opened at $4,338.73 on Friday. The business has a fifty day moving average price of $4,029.83 and a 200-day moving average price of $3,838.71. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,395.00. The stock has a market capitalization of $145.43 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $37.62 earnings per share. On average, equities research analysts anticipate that Booking Holdings Inc. will post 177.17 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 24.50%.

Booking 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.