Voya Investment Management LLC Sells 2,034 Shares of Booking Holdings Inc. $BKNG

Voya Investment Management LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,824 shares of the business services provider’s stock after selling 2,034 shares during the quarter. Voya Investment Management LLC owned 0.13% of Booking worth $230,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in Booking in the 1st quarter worth $28,000. Atwood & Palmer Inc. purchased a new position in shares of Booking in the second quarter valued at about $29,000. Westside Investment Management Inc. boosted its stake in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares during the period. O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the second quarter worth about $35,000. Finally, First PREMIER Bank raised its stake in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $5,433.00 price target on shares of Booking in a research note on Thursday, October 30th. Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price for the company in a research report on Monday, November 24th. The Goldman Sachs Group lifted their price target on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Monday. Finally, Cantor Fitzgerald reduced their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,149.23.

Insider Buying and Selling

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director owned 960 shares in the company, valued at $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paulo Pisano sold 200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is owned by company insiders.

Booking Stock Up 0.1%

Shares of NASDAQ:BKNG opened at $5,345.47 on Friday. The firm has a fifty day simple moving average of $5,072.94 and a two-hundred day simple moving average of $5,376.97. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market capitalization of $172.28 billion, a P/E ratio of 34.74, a PEG ratio of 1.35 and a beta of 1.25.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $83.39 EPS. On average, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s payout ratio is 24.96%.

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.