Cumberland Partners Ltd boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 25.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 500 shares of the business services provider's stock after acquiring an additional 100 shares during the period. Cumberland Partners Ltd's holdings in Booking were worth $2,106,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. bought a new stake in shares of Booking in the third quarter valued at about $250,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Booking by 2.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 872 shares of the business services provider's stock valued at $3,674,000 after acquiring an additional 22 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in Booking during the 3rd quarter worth approximately $211,000. Keystone Financial Services increased its position in Booking by 6.2% in the 3rd quarter. Keystone Financial Services now owns 395 shares of the business services provider's stock valued at $1,664,000 after acquiring an additional 23 shares during the period. Finally, Tacita Capital Inc raised its position in Booking by 23.5% during the 3rd quarter. Tacita Capital Inc now owns 21 shares of the business services provider's stock worth $88,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Wedbush boosted their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Oppenheimer boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4,749.83.
Check Out Our Latest Research Report on BKNG
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $42.48 during midday trading on Tuesday, hitting $5,022.92. 311,482 shares of the company's stock traded hands, compared to its average volume of 248,478. The firm's fifty day moving average price is $4,263.66 and its two-hundred day moving average price is $3,948.67. Booking Holdings Inc. has a twelve month low of $3,076.54 and a twelve month high of $5,069.44. The company has a market cap of $166.24 billion, a PE ratio of 34.37, a P/E/G ratio of 1.54 and a beta of 1.38.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio (DPR) is currently 23.75%.
Insider Transactions at Booking
In related news, insider Paulo Pisano sold 100 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was 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 $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company's stock.
Booking Company 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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