Napean Trading & Investment Co Singapore PTE Ltd Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Napean Trading & Investment Co Singapore PTE Ltd reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 30.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,119 shares of the business services provider’s stock after selling 913 shares during the quarter. Booking comprises approximately 2.0% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 20th largest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Booking were worth $8,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. CENTRAL TRUST Co raised its position in shares of Booking by 0.9% in the first quarter. CENTRAL TRUST Co now owns 352 shares of the business services provider’s stock valued at $1,277,000 after buying an additional 3 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in Booking by 2.8% in the 4th quarter. Enterprise Financial Services Corp now owns 110 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 3 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in Booking by 0.8% in the 4th quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock valued at $1,270,000 after acquiring an additional 3 shares during the last quarter. PARUS FINANCE UK Ltd lifted its stake in Booking by 0.3% in the 4th quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock worth $3,061,000 after purchasing an additional 3 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Booking by 0.5% during the 1st quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Evercore ISI dropped their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial initiated coverage on shares of Booking in a research note on Friday. They set a “hold” rating and a $4,100.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,064.21.

Insider Buying and Selling

In other Booking news, 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 sale, 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 legal filing with the SEC, which is available at the SEC website. In related news, insider Paulo Pisano sold 100 shares of the business’s 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 transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Booking Stock Performance

NASDAQ BKNG opened at $3,731.35 on Friday. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32. The firm has a 50 day simple moving average of $3,773.69 and a 200-day simple moving average of $3,699.80. The firm has a market cap of $126.60 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.19 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $37.62 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.94%. 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.