XTX Topco Ltd Has $1.28 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

XTX Topco Ltd cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 323 shares of the business services provider’s stock after selling 145 shares during the quarter. XTX Topco Ltd’s holdings in Booking were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ICA Group Wealth Management LLC bought a new position in shares of Booking in the 4th quarter valued at about $25,000. Grove Bank & Trust grew its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new position in Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Booking during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKNG. DA Davidson lowered their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Benchmark cut their target price on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Argus boosted their price target on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Oppenheimer dropped their price objective 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Price Performance

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

Booking (NASDAQ:BKNG) last announced 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 negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company earned $37.62 EPS. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $8.75 per share. 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 Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’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 completion of the transaction, the chief executive officer now 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 available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the stock in a transaction 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 owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

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.