Allspring Global Investments Holdings LLC Sells 764 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Allspring Global Investments Holdings LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 43,623 shares of the business services provider’s stock after selling 764 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Booking were worth $183,743,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Global Assets Advisory LLC bought a new position in shares of Booking in the 1st quarter valued at about $401,371,000. New Mexico Educational Retirement Board grew its position in shares of Booking by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after acquiring an additional 400 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Booking in the 1st quarter valued at about $537,000. BDF Gestion bought a new position in shares of Booking in the 2nd quarter valued at about $6,897,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Booking in the 1st quarter valued at about $519,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock traded down $19.95 during trading on Friday, reaching $4,350.82. 146,110 shares of the company were exchanged, compared to its average volume of 194,683. The company has a 50-day moving average of $3,980.33 and a two-hundred day moving average of $3,822.64. The company has a market capitalization of $147.61 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,394.95.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the prior year, the company earned $37.62 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 26.25%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BKNG shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. Oppenheimer decreased their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. DA Davidson reduced their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Wedbush lifted their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,130.18.

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.