Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Commerce Bank

Commerce Bank raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,552 shares of the business services provider's stock after buying an additional 272 shares during the quarter. Commerce Bank's holdings in Booking were worth $57,083,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust grew its position in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter worth approximately $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on BKNG. Bank of America lifted their price objective on Booking from $4,448.00 to $4,850.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a research note on Monday. Benchmark reiterated a "buy" rating and set a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Finally, Evercore ISI decreased their price target on 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. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $4,785.00.

Booking Stock Performance

Shares of BKNG stock traded down $13.69 during mid-day trading on Wednesday, hitting $4,963.30. 82,163 shares of the stock were exchanged, compared to its average volume of 247,154. The stock's fifty day simple moving average is $4,407.41 and its two-hundred day simple moving average is $4,012.03. The stock has a market capitalization of $164.29 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 payout ratio is currently 23.75%.

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.