Robeco Institutional Asset Management B.V. Has $423.35 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Robeco Institutional Asset Management B.V. cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,895 shares of the business services provider’s stock after selling 2,077 shares during the period. Booking comprises about 0.8% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 18th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.28% of Booking worth $423,352,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 owns 27,646 shares in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $5,485.35 on Thursday. The company has a market capitalization of $178.49 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.70 and a beta of 1.41. The company has a 50-day simple moving average of $5,231.92 and a 200 day simple moving average of $4,950.49. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. Booking’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $20.39 EPS. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. JMP Securities raised their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 30th. Piper Sandler dropped their price objective 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. B. Riley raised their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Erste Group Bank lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,388.37.

About Booking

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.