MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $31.93 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,001 shares of the business services provider’s stock after acquiring an additional 611 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Booking were worth $31,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Booking by 21.7% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 696 shares of the business services provider’s stock valued at $2,469,000 after buying an additional 124 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Booking by 18.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,835 shares of the business services provider’s stock worth $6,509,000 after purchasing an additional 287 shares during the last quarter. Financial Enhancement Group LLC lifted its holdings in Booking by 7.6% during the 4th quarter. Financial Enhancement Group LLC now owns 212 shares of the business services provider’s stock worth $740,000 after purchasing an additional 15 shares during the last quarter. Caprock Group LLC lifted its holdings in Booking by 4.3% during the 4th quarter. Caprock Group LLC now owns 650 shares of the business services provider’s stock worth $2,306,000 after purchasing an additional 27 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Booking by 2.8% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the business services provider’s stock worth $1,542,000 after purchasing an additional 12 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKNG has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Oppenheimer lifted their price target on Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Erste Group Bank reissued a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Wells Fargo & Company dropped their price target on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Finally, BMO Capital Markets assumed coverage on Booking in a research note on Tuesday, January 9th. They set an “outperform” rating and a $4,150.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3,697.38.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the sale, the director now owns 348 shares in the company, valued at approximately $1,217,234.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of Booking stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the transaction, the director now directly owns 348 shares of the company’s stock, valued at approximately $1,217,234.40. 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 300 shares of Booking stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders have sold 6,467 shares of company stock worth $22,299,114 in the last 90 days. Insiders own 0.15% of the company’s stock.

Booking Stock Down 1.2 %

Shares of BKNG traded down $45.62 during midday trading on Friday, hitting $3,627.88. The company’s stock had a trading volume of 274,096 shares, compared to its average volume of 299,302. The stock has a market capitalization of $123.96 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00. The company’s fifty day simple moving average is $3,586.15 and its two-hundred day simple moving average is $3,318.97.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. Booking’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $24.74 EPS. On average, research analysts predict that Booking Holdings Inc. will post 175.46 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.96%. Booking’s dividend payout ratio is currently 29.67%.

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.