Booking Holdings Inc. $BKNG Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,285 shares of the business services provider’s stock after acquiring an additional 12,760 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Booking were worth $50,223,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Booking during the second quarter valued at $11,646,302,000. State Street Corp boosted its position in shares of Booking by 2,674.6% in the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock valued at $7,026,348,000 after purchasing an additional 37,999,915 shares during the period. Deutsche Bank AG acquired a new position in shares of Booking in the 2nd quarter valued at $1,691,186,000. Bank of New York Mellon Corp acquired a new position in shares of Booking in the 2nd quarter valued at $1,370,455,000. Finally, Ninety One UK Ltd increased its stake in Booking by 1.0% in the 3rd quarter. Ninety One UK Ltd now owns 6,489,929 shares of the business services provider’s stock worth $1,057,274,000 after purchasing an additional 64,584 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BKNG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $230.00 price target on shares of Booking in a research note on Wednesday, August 5th. Piper Sandler reaffirmed a “neutral” rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. B. Riley Financial reaffirmed a “buy” rating and set a $274.00 price objective (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Melius Research set a $225.00 target price on shares of Booking in a report on Tuesday. Finally, Mizuho set a $240.00 target price on shares of Booking in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $233.71.

Booking Trading Up 0.8%

NASDAQ:BKNG opened at $163.92 on Wednesday. The business’s fifty day moving average price is $180.09 and its 200 day moving average price is $177.47. The firm has a market capitalization of $123.17 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.01 and a beta of 1.13. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $220.81.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The firm had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the company posted $55.40 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were issued a $0.42 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. Booking’s dividend payout ratio is currently 18.58%.

Insider Buying and Selling

In other news, Director Vanessa Wittman sold 1,125 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paulo Pisano sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $203.48, for a total transaction of $610,440.00. Following the sale, the insider owned 73,400 shares of the company’s stock, valued at approximately $14,935,432. This represents a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 84,550 shares of company stock worth $17,426,864 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Booking Company Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.