BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $81.96 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 28.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,688 shares of the business services provider’s stock after selling 8,052 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Booking worth $81,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BKNG. Semmax Financial Advisors Inc. lifted its position in Booking by 10.3% during the second quarter. Semmax Financial Advisors Inc. now owns 1,368 shares of the business services provider’s stock worth $5,419,000 after acquiring an additional 128 shares during the last quarter. Distillate Capital Partners LLC grew its holdings in Booking by 162,750.0% in the 2nd quarter. Distillate Capital Partners LLC now owns 6,514 shares of the business services provider’s stock valued at $25,805,000 after buying an additional 6,510 shares in the last quarter. Davidson Kempner Capital Management LP grew its position in shares of Booking by 11.1% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 10,000 shares of the business services provider’s stock worth $39,587,000 after purchasing an additional 1,000 shares in the last quarter. Anomaly Capital Management LP grew its stake in Booking by 134.5% during the second quarter. Anomaly Capital Management LP now owns 21,137 shares of the business services provider’s stock worth $83,734,000 after buying an additional 12,124 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Booking by 10.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,694 shares of the business services provider’s stock valued at $22,557,000 after buying an additional 521 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.8 %

Booking stock opened at $4,097.08 on Tuesday. The company has a market capitalization of $139.01 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.21 and a beta of 1.40. The firm has a 50 day moving average price of $3,772.27 and a 200-day moving average price of $3,733.66. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,144.32.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $37.62 earnings per share. Equities analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.85%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paulo Pisano sold 100 shares of Booking 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

BKNG has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Tigress Financial raised their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Oppenheimer lowered their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Bank of America decreased their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4,064.21.

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.