Troy Asset Management Ltd Has $37.25 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Troy Asset Management Ltd raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,844 shares of the business services provider's stock after buying an additional 653 shares during the period. Booking makes up about 1.2% of Troy Asset Management Ltd's investment portfolio, making the stock its 22nd largest holding. Troy Asset Management Ltd's holdings in Booking were worth $37,252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider's stock valued at $10,718,390,000 after buying an additional 12,456 shares in the last quarter. Janus Henderson Group PLC raised its stake in Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider's stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock valued at $1,421,069,000 after buying an additional 10,889 shares during the period. International Assets Investment Management LLC bought a new position in Booking in the third quarter worth $5,322,600,000. Finally, Acadian Asset Management LLC lifted its position in shares of Booking by 15.1% during the 2nd quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider's stock worth $420,865,000 after buying an additional 13,908 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Up 0.5 %

Shares of NASDAQ:BKNG traded up $22.40 during midday trading on Friday, reaching $4,943.27. The company had a trading volume of 282,361 shares, compared to its average volume of 228,754. Booking Holdings Inc. has a 1-year low of $2,998.52 and a 1-year high of $5,060.50. The stock has a market cap of $163.62 billion, a PE ratio of 33.54, a P/E/G ratio of 1.54 and a beta of 1.38. The business's 50 day moving average price is $4,240.54 and its 200 day moving average price is $3,934.73.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking's payout ratio is presently 23.75%.

Analysts Set New Price Targets

A number of equities analysts have commented on BKNG shares. Evercore ISI decreased their target price on Booking from $4,500.00 to $4,200.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Susquehanna upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Benchmark restated a "buy" rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. JMP Securities boosted their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and an average target price of $4,749.83.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.

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.