CIBC Asset Management Inc Buys 464 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CIBC Asset Management Inc grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,440 shares of the business services provider's stock after acquiring an additional 464 shares during the quarter. CIBC Asset Management Inc's holdings in Booking were worth $43,975,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter worth about $25,000. Grove Bank & Trust lifted its stake in Booking by 133.3% during 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 last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking during the 2nd quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking 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 completion of the transaction, the insider now owns 3,787 shares of the company's stock, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on BKNG. Evercore ISI lowered their price target on shares of Booking from $4,500.00 to $4,200.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Susquehanna boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Argus downgraded Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, DA Davidson increased their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.

Booking Stock Performance

BKNG stock traded up $1.48 during mid-day trading on Friday, hitting $4,972.46. 118,687 shares of the company were exchanged, compared to its average volume of 247,643. The firm has a market cap of $164.59 billion, a P/E ratio of 33.59, a P/E/G 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 firm's 50 day simple moving average is $4,335.39 and its 200 day simple moving average is $3,973.41.

Booking Announces Dividend

The company also recently announced 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio is presently 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.