Transatlantique Private Wealth LLC Has $1.42 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Transatlantique Private Wealth LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 369 shares of the business services provider’s stock after selling 40 shares during the period. Transatlantique Private Wealth LLC’s holdings in Booking were worth $1,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after buying an additional 12,456 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Booking by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after purchasing an additional 15,303 shares during the period. Ninety One UK Ltd raised its stake in Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in Booking by 3.5% during the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock worth $976,096,000 after purchasing an additional 9,419 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $4,064.01 on Friday. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,144.32. The company has a 50 day simple moving average of $3,772.09 and a two-hundred day simple moving average of $3,725.13. The company has a market capitalization of $136.23 billion, a PE ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Tigress Financial boosted their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised their target price on Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Oppenheimer decreased their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, B. Riley dropped their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,064.21.

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.