Allspring Global Investments Holdings LLC Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Allspring Global Investments Holdings LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,623 shares of the business services provider's stock after selling 764 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Booking worth $183,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Booking by 0.5% during the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider's stock worth $2,264,000 after buying an additional 3 shares during the period. Aspiriant LLC boosted its stake in Booking by 4.8% during the first quarter. Aspiriant LLC now owns 65 shares of the business services provider's stock worth $236,000 after buying an additional 3 shares during the period. Consilio Wealth Advisors LLC boosted its stake in Booking by 1.7% during the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider's stock worth $647,000 after buying an additional 3 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Booking by 14.3% during the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider's stock worth $87,000 after buying an additional 3 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in Booking by 30.0% during the first quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider's stock worth $47,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BKNG shares. JMP Securities increased their target price on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday. Bank of America lowered their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Tigress Financial raised their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,130.18.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking 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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Booking Trading Down 0.5 %

Shares of Booking stock traded down $19.95 during trading on Friday, reaching $4,350.82. The company's stock had a trading volume of 146,110 shares, compared to its average volume of 194,683. The company has a 50-day moving average price of $3,980.33 and a two-hundred day moving average price of $3,823.98. The firm has a market cap of $147.61 billion, a PE ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,394.95.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts' consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for 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 company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $37.62 EPS. On average, analysts predict that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. Booking's dividend payout ratio (DPR) is 26.25%.

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.