Cim LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Cim LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,079 shares of the business services provider’s stock after selling 70 shares during the period. Booking accounts for approximately 1.7% of Cim LLC’s portfolio, making the stock its 23rd largest position. Cim LLC’s holdings in Booking were worth $11,644,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PARUS FINANCE UK Ltd boosted its position in shares of Booking by 0.3% during the fourth quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock valued at $3,061,000 after purchasing an additional 3 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Booking by 0.5% in the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after purchasing an additional 3 shares during the period. Aspiriant LLC increased its stake in shares of Booking by 4.8% during the first quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 3 shares in the last quarter. Consilio Wealth Advisors LLC lifted its holdings in shares of Booking by 1.7% during the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Booking by 14.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 2.6 %

NASDAQ BKNG opened at $4,100.99 on Wednesday. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,272.88. The stock’s 50 day moving average is $3,799.23 and its 200 day moving average is $3,763.72. The stock has a market cap of $139.14 billion, a PE ratio of 30.76, a P/E/G ratio of 1.27 and a beta of 1.40.

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

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.85%. Booking’s dividend payout ratio (DPR) is 26.25%.

Insider Activity at Booking

In other 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 sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of Booking 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 transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, 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 corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on BKNG shares. Bank of America dropped their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wedbush upped their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday. Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. Finally, Morgan Stanley lifted their target price on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus 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.