Sava Infond d.o.o. Purchases 12 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sava Infond d.o.o. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,133 shares of the business services provider’s stock after acquiring an additional 12 shares during the period. Booking comprises 1.0% of Sava Infond d.o.o.’s investment portfolio, making the stock its 22nd biggest position. Sava Infond d.o.o.’s holdings in Booking were worth $5,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock valued at $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Geode Capital Management LLC increased its holdings in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock valued at $3,986,244,000 after acquiring an additional 6,009 shares during the last quarter. Norges Bank bought a new stake in Booking in the 4th quarter valued at $1,958,352,000. Finally, Northern Trust Corp increased its holdings in Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after acquiring an additional 58,357 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BKNG shares. Piper Sandler reduced their price target on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Bank of America lifted their price objective on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. Finally, Cantor Fitzgerald dropped their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5,388.37.

Booking Trading Up 0.6%

BKNG stock opened at $5,333.42 on Tuesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70. The company has a 50-day moving average price of $5,195.63 and a 200 day moving average price of $4,943.03. The stock has a market cap of $173.55 billion, a PE ratio of 33.18, a P/E/G ratio of 1.65 and a beta of 1.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the company earned $20.39 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side 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 Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.72%. Booking’s dividend payout ratio (DPR) is 23.89%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer now directly owns 27,646 shares of the company’s stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.