Curi RMB Capital LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Curi RMB Capital LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,245 shares of the business services provider's stock after selling 106 shares during the quarter. Booking makes up approximately 1.1% of Curi RMB Capital LLC's investment portfolio, making the stock its 18th largest position. Curi RMB Capital LLC's holdings in Booking were worth $47,366,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust grew its position in shares of Booking by 133.3% in 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 period. POM Investment Strategies LLC purchased a new stake in shares of Booking during the second quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new position in Booking in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Susquehanna increased their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4,749.83.

Booking Stock Down 0.3 %

Shares of NASDAQ BKNG traded down $16.46 during mid-day trading on Thursday, hitting $4,970.98. 238,225 shares of the company were exchanged, compared to its average volume of 248,210. The stock has a 50 day simple moving average of $4,311.61 and a 200-day simple moving average of $3,966.44. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The firm has a market cap of $164.54 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking's payout ratio is 23.75%.

Insider Transactions at Booking

In related 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 completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company's stock.

Booking Company 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.