Nisa Investment Advisors LLC Sells 549 Shares of Booking Holdings Inc. $BKNG

Nisa Investment Advisors LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,873 shares of the business services provider’s stock after selling 549 shares during the period. Nisa Investment Advisors LLC’s holdings in Booking were worth $74,904,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after acquiring an additional 9,333 shares during the period. Norges Bank bought a new position in shares of Booking during the second quarter worth approximately $2,210,917,000. Invesco Ltd. lifted its holdings in Booking by 6.8% during the 2nd quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock worth $2,197,495,000 after purchasing an additional 24,030 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Booking by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock worth $2,183,690,000 after purchasing an additional 17,662 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after purchasing an additional 289,412 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BKNG. Sanford C. Bernstein lowered their price objective on Booking from $5,433.00 to $5,407.00 and set a “market perform” rating on the stock in a research report on Tuesday. Bank of America raised shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price for the company in a research report on Monday, November 24th. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price target on shares of Booking in a research report on Tuesday, December 23rd. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Sunday, January 4th. Finally, Mizuho set a $6,000.00 target price on shares of Booking in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6,165.52.

Booking Trading Down 0.0%

Shares of Booking stock opened at $5,445.00 on Friday. The company has a 50 day moving average of $5,149.17 and a 200-day moving average of $5,373.40. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a market cap of $175.49 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the company earned $83.39 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, December 5th. Booking’s payout ratio is currently 24.96%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares in the company, valued at $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,324 shares of company stock worth $17,193,557 in the last ninety days. Insiders own 0.16% of the company’s stock.

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.