Kentucky Retirement Systems trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,335 shares of the business services provider's stock after selling 222 shares during the period. Kentucky Retirement Systems' holdings in Booking were worth $9,835,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BKNG. International Assets Investment Management LLC acquired a new position in Booking in the third quarter valued at about $5,322,600,000. Bessemer Group Inc. lifted its stake in Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider's stock valued at $227,143,000 after buying an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock worth $282,590,000 after acquiring an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock valued at $145,755,000 after acquiring an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking in the 2nd quarter valued at approximately $125,615,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BKNG shares. Argus downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Truist Financial increased their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Benchmark reaffirmed a "buy" rating and issued a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Finally, Piper Sandler increased their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Ten equities research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.
Check Out Our Latest Research Report on BKNG
Booking Price Performance
Shares of Booking stock traded up $4.21 during midday trading on Friday, reaching $4,975.19. The company had a trading volume of 235,745 shares, compared to its average volume of 248,170. The firm has a market cap of $164.66 billion, a PE ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. The stock has a fifty day moving average price of $4,360.27 and a 200 day moving average price of $3,983.56. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44.
Booking Dividend Announcement
The company also recently disclosed 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 annualized dividend 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%.
Insider Buying and Selling
In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by insiders.
Booking Company Profile
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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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