Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 33.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,451 shares of the business services provider's stock after selling 1,717 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Booking were worth $14,536,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new position in Booking during the 3rd quarter valued at about $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Booking during the second quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the third quarter worth approximately $29,000. 92.42% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BKNG. Piper Sandler upped their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Truist Financial increased their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $4,785.00.
Read Our Latest Stock Analysis on BKNG
Booking Stock Up 1.3 %
Shares of NASDAQ BKNG traded up $62.89 during mid-day trading on Thursday, reaching $5,079.32. 32,957 shares of the company were exchanged, compared to its average volume of 246,584. The company's 50-day simple moving average is $4,431.19 and its 200-day simple moving average is $4,019.06. The stock has a market capitalization of $168.13 billion, a P/E ratio of 34.04, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,079.32.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio (DPR) is 23.75%.
Insiders Place Their Bets
In other Booking news, insider Paulo Pisano sold 100 shares of the firm'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 transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company's stock.
About Booking
(
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.
Further Reading
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