Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 993 shares of the business services provider's stock after selling 101 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Booking were worth $4,183,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in BKNG. Sheaff Brock Investment Advisors LLC boosted its holdings in Booking by 0.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,461,000 after buying an additional 3 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Booking by 8.1% in the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider's stock valued at $158,000 after purchasing an additional 3 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Booking by 3.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock worth $380,000 after purchasing an additional 3 shares during the period. American National Bank boosted its position in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider's stock worth $333,000 after purchasing an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management grew its holdings in Booking by 1.6% in the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider's stock valued at $757,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.
Insider Activity at Booking
In other Booking news, insider Paulo Pisano sold 100 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.12% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Mizuho upped their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. BMO Capital Markets upped their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Barclays boosted their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4,749.83.
Check Out Our Latest Stock Analysis on BKNG
Booking Price Performance
Shares of NASDAQ:BKNG traded up $4.21 during mid-day trading on Friday, reaching $4,975.19. 235,745 shares of the company were exchanged, compared to its average volume of 248,170. The firm has a market cap of $164.66 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44. The firm's 50-day simple moving average is $4,360.27 and its 200 day simple moving average is $3,983.56.
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 paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking's payout ratio is presently 23.75%.
Booking 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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