Empower Advisory Group LLC Has $20.98 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Empower Advisory Group LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,981 shares of the business services provider's stock after selling 137 shares during the period. Empower Advisory Group LLC's holdings in Booking were worth $20,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking in the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in shares of Booking in the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter valued at approximately $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BKNG shares. JPMorgan Chase & Co. lowered their price target on Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, JMP Securities upped their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and an average price target of $4,749.83.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

Booking Price Performance

Shares of Booking stock traded down $16.46 during trading on Thursday, hitting $4,970.98. The stock had a trading volume of 242,053 shares, compared to its average volume of 248,227. The firm has a market cap of $164.54 billion, a P/E ratio of 33.84, a PEG ratio of 1.56 and a beta of 1.38. The business has a fifty day moving average of $4,311.61 and a two-hundred day moving average of $3,966.44. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis 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 presently 23.75%.

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.