Booking Holdings Inc. (NASDAQ:BKNG) Holdings Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 18.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816 shares of the business services provider's stock after purchasing an additional 125 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Booking were worth $3,436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in Booking in the second quarter valued at $28,000. Kings Path Partners LLC purchased a new stake in Booking in the second quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the third quarter valued at $29,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Down 0.6 %

Shares of Booking stock traded down $33.77 during trading hours on Friday, hitting $5,177.15. 227,747 shares of the company's stock traded hands, compared to its average volume of 247,433. The stock has a 50 day simple moving average of $4,457.76 and a 200-day simple moving average of $4,027.25. The company has a market cap of $171.36 billion, a PE ratio of 35.28, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,216.00.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.68%. Booking's dividend payout ratio (DPR) is 23.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial lifted their target price on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Mizuho lifted their price objective on Booking from $4,800.00 to $5,400.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,785.00.

Insider Buying and Selling

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 sale, the insider now owns 3,787 shares of the company's stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company's stock.

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.