Hotchkis & Wiley Capital Management LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 22,638 shares of the business services provider's stock after selling 145 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.07% of Booking worth $95,354,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. Cetera Advisors LLC raised its stake in Booking by 45.9% in the 1st quarter. Cetera Advisors LLC now owns 986 shares of the business services provider's stock valued at $3,577,000 after acquiring an additional 310 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Booking during the second quarter valued at about $32,000. Mather Group LLC. increased its position in shares of Booking by 34.8% during the second quarter. Mather Group LLC. now owns 217 shares of the business services provider's stock valued at $787,000 after buying an additional 56 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in shares of Booking by 98.8% during the second quarter. Kingswood Wealth Advisors LLC now owns 161 shares of the business services provider's stock worth $638,000 after purchasing an additional 80 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider's stock worth $158,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BKNG. UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com raised Booking from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Finally, Baird R W raised Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $4,820.50.
View Our Latest Analysis on Booking
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 195,862 shares, compared to its average volume of 246,769. Booking Holdings Inc. has a 12 month low of $3,104.48 and a 12 month high of $5,258.20. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking's payout ratio is 23.75%.
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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