Mutual of America Capital Management LLC Sells 145 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mutual of America Capital Management LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,006 shares of the business services provider’s stock after selling 145 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Booking were worth $19,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Precision Wealth Strategies LLC increased its stake in Booking by 1.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 303 shares of the business services provider’s stock valued at $1,075,000 after acquiring an additional 5 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of Booking by 45.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 151 shares of the business services provider’s stock worth $536,000 after acquiring an additional 47 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Booking by 9.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 231 shares of the business services provider’s stock worth $819,000 after acquiring an additional 20 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Booking by 49.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 299 shares of the business services provider’s stock valued at $1,061,000 after purchasing an additional 99 shares in the last quarter. Finally, Balentine LLC raised its position in Booking by 39.3% in the 4th quarter. Balentine LLC now owns 188 shares of the business services provider’s stock valued at $666,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft lowered their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America reduced their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Evercore ISI reduced their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Finally, Tigress Financial upped their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.

Booking Stock Performance

NASDAQ BKNG opened at $4,042.43 on Wednesday. The business has a 50 day simple moving average of $3,768.95 and a 200 day simple moving average of $3,716.69. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32. The stock has a market cap of $135.50 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.18 and a beta of 1.40.

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

Booking Announces Dividend

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 paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.87%. Booking’s dividend payout ratio is currently 26.25%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

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.