Blueshift Asset Management LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 644 shares of the business services provider's stock after selling 104 shares during the quarter. Booking accounts for about 0.7% of Blueshift Asset Management LLC's investment portfolio, making the stock its 25th largest holding. Blueshift Asset Management LLC's holdings in Booking were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of BKNG. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after purchasing an additional 334 shares during the last quarter. BDF Gestion bought a new position in Booking during the 2nd quarter valued at approximately $6,897,000. Cumberland Partners Ltd raised its position in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock valued at $2,106,000 after purchasing an additional 100 shares during the last quarter. CWM LLC raised its position in Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider's stock valued at $10,423,000 after purchasing an additional 277 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its position in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after acquiring an additional 233,052 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BKNG has been the subject of several research reports. Mizuho increased their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Tigress Financial increased their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 18th. B. Riley increased their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird initiated coverage on Booking in a research report on Wednesday. They issued an "outperform" rating and a $5,850.00 target price for the company. Finally, Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $4,820.50.
Check Out Our Latest Report on BKNG
Booking Stock Performance
Shares of BKNG stock traded up $8.43 on Wednesday, reaching $5,223.15. The stock had a trading volume of 171,125 shares, compared to its average volume of 247,291. The stock has a market cap of $172.89 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,237.00. The company has a 50 day simple moving average of $4,528.70 and a 200 day simple moving average of $4,063.21.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. Booking's dividend payout ratio (DPR) is currently 23.75%.
Booking Profile
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Free Report)
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.
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