AIA Group Ltd Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

AIA Group Ltd lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,068 shares of the business services provider's stock after selling 168 shares during the quarter. AIA Group Ltd's holdings in Booking were worth $8,711,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Summit Global Investments grew its position in shares of Booking by 14.8% during the 3rd quarter. Summit Global Investments now owns 364 shares of the business services provider's stock worth $1,534,000 after buying an additional 47 shares during the period. Portside Wealth Group LLC boosted its stake in shares of Booking by 10.5% in the 3rd quarter. Portside Wealth Group LLC now owns 84 shares of the business services provider's stock worth $354,000 after buying an additional 8 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of Booking during the 3rd quarter valued at $76,000. Kornitzer Capital Management Inc. KS boosted its stake in Booking by 3.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 5,115 shares of the business services provider's stock valued at $21,545,000 after acquiring an additional 179 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after acquiring an additional 2,010 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company's stock.

Booking Price Performance

BKNG traded up $15.13 on Friday, reaching $4,936.00. 199,924 shares of the company's stock were exchanged, compared to its average volume of 248,145. The stock's fifty day moving average price is $4,199.26 and its 200-day moving average price is $3,914.68. The stock has a market cap of $163.38 billion, a PE ratio of 33.39, a P/E/G ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $2,998.52 and a twelve month high of $5,060.50.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. Booking's dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

BKNG has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Booking from $4,025.00 to $3,860.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered Booking from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Evercore ISI reduced their price target on shares of Booking from $4,500.00 to $4,200.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Benchmark restated a "buy" rating and issued a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Finally, Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $4,749.83.

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.