Canada Pension Plan Investment Board Has $127.11 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Canada Pension Plan Investment Board decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 35.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,086 shares of the business services provider’s stock after selling 17,267 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.10% of Booking worth $127,109,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BKNG. ICA Group Wealth Management LLC acquired a new position in shares of Booking during the 4th quarter worth about $25,000. Grove Bank & Trust boosted its position in Booking by 133.3% during 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 during 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 own 92.42% of the company’s stock.

Booking Stock Up 1.2 %

Shares of Booking stock opened at $4,064.01 on Friday. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The company has a market capitalization of $136.23 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.21 and a beta of 1.40. The firm’s 50-day moving average price is $3,772.09 and its two-hundred day moving average price is $3,725.13.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) 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 business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the business posted $37.62 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Dividend Announcement

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

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Bank of America lowered their target price on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. DA Davidson reduced their price target on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Truist Financial assumed coverage on Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price objective on the stock. Finally, Oppenheimer reduced their target price on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company 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 given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,064.21.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 100 shares of the firm’s 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 sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Booking Company 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.