Cornercap Investment Counsel Inc. cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 56.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 433 shares of the business services provider's stock after selling 552 shares during the quarter. Booking comprises about 0.5% of Cornercap Investment Counsel Inc.'s holdings, making the stock its 21st largest position. Cornercap Investment Counsel Inc.'s holdings in Booking were worth $1,824,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Booking in the 3rd quarter worth approximately $5,322,600,000. Bessemer Group Inc. raised its stake in Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider's stock valued at $227,143,000 after buying an additional 61,268 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock worth $282,590,000 after acquiring an additional 36,710 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock valued at $145,755,000 after buying an additional 35,270 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Booking in the second quarter worth $125,615,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Insider Buying and Selling
In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Mizuho increased their price target 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. Argus cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Finally, Evercore ISI dropped their target price on Booking from $4,500.00 to $4,200.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $4,749.83.
View Our Latest Report on Booking
Booking Stock Performance
BKNG stock traded up $4.21 on Friday, reaching $4,975.19. The company had a trading volume of 233,095 shares, compared to its average volume of 248,159. The company has a market cap of $164.68 billion, a P/E ratio of 33.59, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44. The company's fifty day moving average is $4,335.39 and its 200 day moving average is $3,973.41.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is presently 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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