Firetrail Investments PTY Ltd. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,770 shares of the business services provider's stock after selling 1,221 shares during the quarter. Booking makes up approximately 3.4% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 14th biggest position. Firetrail Investments PTY Ltd.'s holdings in Booking were worth $11,656,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider's stock valued at $10,718,390,000 after acquiring an additional 12,456 shares during the period. Janus Henderson Group PLC grew its position in shares of Booking by 4.5% during the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider's stock valued at $1,865,949,000 after purchasing an additional 21,969 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock valued at $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Booking during the third quarter valued at about $5,322,600,000. Finally, Acadian Asset Management LLC grew its position in shares of Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider's stock valued at $420,865,000 after purchasing an additional 13,908 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Booking Stock Performance
Shares of NASDAQ BKNG traded down $16.46 during trading hours on Thursday, hitting $4,970.98. 242,053 shares of the stock were exchanged, compared to its average volume of 248,227. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The company has a market cap of $164.54 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The company's fifty day simple moving average is $4,311.61 and its two-hundred day simple moving average is $3,966.44.
Booking Announces Dividend
The firm also recently declared 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 payout ratio is currently 23.75%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on BKNG. Jefferies Financial Group raised their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Argus lowered Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Mizuho lifted their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. B. Riley lifted their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Wedbush lifted their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Ten 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.
Read Our Latest Analysis on BKNG
Insider Activity
In other news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This 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 accessible through this link. 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.
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