HighVista Strategies LLC Sells 400 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

HighVista Strategies LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 52.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357 shares of the business services provider's stock after selling 400 shares during the quarter. HighVista Strategies LLC's holdings in Booking were worth $1,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter valued at $25,000. Grove Bank & Trust lifted its holdings 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 in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BKNG shares. Oppenheimer increased their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada upped their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. UBS Group lifted their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. DA Davidson raised their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Wedbush boosted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4,820.50.

Booking Price Performance

NASDAQ BKNG traded down $9.90 during trading hours on Tuesday, hitting $5,214.38. The company's stock had a trading volume of 195,861 shares, compared to its average volume of 232,375. The company's 50 day simple moving average is $4,599.47 and its two-hundred day simple moving average is $4,093.76. The company has a market cap of $172.58 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,104.48 and a 12 month high of $5,258.20.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. Booking's dividend payout ratio 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.