State of New Jersey Common Pension Fund D Has $72.48 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

State of New Jersey Common Pension Fund D decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,434 shares of the business services provider’s stock after selling 681 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Booking worth $72,484,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Activest Wealth Management purchased a new stake in shares of Booking during the 4th quarter worth approximately $25,000. Naples Money Management LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG traded up $18.60 during mid-day trading on Friday, hitting $3,521.08. 146,017 shares of the company’s stock were exchanged, compared to its average volume of 266,331. Booking Holdings Inc. has a one year low of $2,456.93 and a one year high of $3,918.00. The business has a fifty day moving average price of $3,551.02 and a 200 day moving average price of $3,380.07. The company has a market cap of $119.79 billion, a PE ratio of 29.90, a P/E/G ratio of 1.07 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm posted $24.74 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Booking Holdings Inc. will post 175.86 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.99%. Booking’s payout ratio is currently 29.67%.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research note on Thursday, April 18th. Wells Fargo & Company cut their price objective on shares of 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. Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a report on Tuesday, February 20th. UBS Group raised their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Barclays cut their price objective on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $3,723.41.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. Insiders sold a total of 5,461 shares of company stock worth $18,815,825 over the last three months. 0.15% of the stock is currently owned by company 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.