Two Sigma Advisers LP Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Two Sigma Advisers LP cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 71.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,800 shares of the business services provider's stock after selling 11,900 shares during the period. Two Sigma Advisers LP's holdings in Booking were worth $20,218,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock worth $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. Ninety One UK Ltd increased its position in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock worth $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock valued at $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Booking stock traded down $150.74 during midday trading on Monday, reaching $5,149.60. The company had a trading volume of 272,953 shares, compared to its average volume of 246,182. The firm's fifty day simple moving average is $4,705.52 and its 200-day simple moving average is $4,145.94. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.20. The company has a market capitalization of $170.45 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

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 given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking's payout ratio is 23.75%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Baird R W raised Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Wedbush upped their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price objective for the company. StockNews.com raised Booking from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Finally, B. Riley lifted their price target 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. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $4,837.17.

About Booking

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.