Munich Reinsurance Co Stock Corp in Munich Sells 8,258 Shares of Booking Holdings Inc. $BKNG

Munich Reinsurance Co Stock Corp in Munich decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 85.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,437 shares of the business services provider’s stock after selling 8,258 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Booking were worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elgethun Capital Management raised its stake in shares of Booking by 2.1% in the third quarter. Elgethun Capital Management now owns 97 shares of the business services provider’s stock valued at $517,000 after buying an additional 2 shares during the period. First Western Trust Bank grew its stake in shares of Booking by 3.4% during the 3rd quarter. First Western Trust Bank now owns 60 shares of the business services provider’s stock worth $324,000 after acquiring an additional 2 shares during the period. CGN Advisors LLC increased its holdings in Booking by 3.6% in the 4th quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock worth $305,000 after acquiring an additional 2 shares during the last quarter. Howard Financial Services LTD. increased its holdings in Booking by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock worth $750,000 after acquiring an additional 2 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its stake in Booking by 1.1% in the 4th quarter. Traynor Capital Management Inc. now owns 187 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 2 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 16,050 shares in the company, valued at $3,081,600. The trade was a 6.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the completion of the transaction, the chief executive officer directly owned 298,174 shares in the company, valued at approximately $55,269,532.64. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,351 shares of company stock worth $13,545,706 in the last three months. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BKNG. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their price target on shares of Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. DA Davidson dropped their price target on shares of Booking from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Evercore set a $245.00 price objective on shares of Booking in a report on Wednesday, April 29th. Finally, Wells Fargo & Company set a $214.00 price objective on shares of Booking and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.11.

Booking Stock Down 4.2%

Shares of BKNG opened at $174.29 on Thursday. The business’s 50-day moving average price is $168.59 and its 200-day moving average price is $181.02. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The stock has a market cap of $135.05 billion, a PE ratio of 22.93, a P/E/G ratio of 1.09 and a beta of 1.07.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. Booking’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. Analysts expect that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Booking’s dividend payout ratio (DPR) is presently 22.11%.

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.