Gunderson Capital Management Inc. Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Gunderson Capital Management Inc. reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,730 shares of the business services provider’s stock after selling 54 shares during the period. Booking accounts for approximately 3.1% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Gunderson Capital Management Inc.’s holdings in Booking were worth $7,287,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR grew its position in shares of Booking by 10.6% in the fourth quarter. Stephens Inc. AR now owns 208 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC acquired a new position in Booking during the fourth quarter worth approximately $262,000. Cresset Asset Management LLC raised its stake in Booking by 9.8% during the fourth quarter. Cresset Asset Management LLC now owns 2,407 shares of the business services provider’s stock worth $8,537,000 after purchasing an additional 214 shares during the period. Ethic Inc. boosted its holdings in shares of Booking by 7.1% in the 4th quarter. Ethic Inc. now owns 3,820 shares of the business services provider’s stock valued at $13,550,000 after purchasing an additional 252 shares during the last quarter. Finally, L1 Capital International Pty Ltd purchased a new stake in shares of Booking during the 4th quarter valued at $16,161,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Truist Financial started coverage on shares of Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target on the stock. Barclays increased their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group downgraded Booking from a “buy” rating to a “hold” rating and lowered their price target for the company from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,092.68.

Booking Price Performance

Shares of BKNG traded up $51.66 during mid-day trading on Wednesday, hitting $4,284.84. The company’s stock had a trading volume of 45,959 shares, compared to its average volume of 250,460. The firm has a 50-day moving average price of $3,842.77 and a 200 day moving average price of $3,784.93. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,292.06. The stock has a market capitalization of $145.38 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.26 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced 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. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the firm earned $37.62 earnings per share. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate 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. Shareholders of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.82%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % 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 this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.