Los Angeles Capital Management LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 76.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,517 shares of the business services provider's stock after selling 49,233 shares during the period. Los Angeles Capital Management LLC's holdings in Booking were worth $65,359,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Duality Advisers LP acquired a new position in shares of Booking in the first quarter worth $359,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Booking during the first quarter worth $243,000. Oppenheimer & Co. Inc. lifted its holdings in Booking by 39.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider's stock worth $1,092,000 after purchasing an additional 85 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Booking by 30.2% during the 1st quarter. Montag A & Associates Inc. now owns 768 shares of the business services provider's stock worth $2,786,000 after buying an additional 178 shares during the period. Finally, NorthRock Partners LLC grew its position in shares of Booking by 16.2% in the first quarter. NorthRock Partners LLC now owns 359 shares of the business services provider's stock valued at $1,302,000 after purchasing an additional 50 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. UBS Group boosted their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Benchmark reissued a "buy" rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Finally, BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $4,749.83.
Get Our Latest Stock Analysis on Booking
Insider Activity at Booking
In other Booking news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.
Booking Price Performance
BKNG stock traded up $22.40 during mid-day trading on Friday, reaching $4,943.27. 282,361 shares of the company traded hands, compared to its average volume of 228,754. The company has a fifty day moving average price of $4,240.54 and a 200-day moving average price of $3,934.73. Booking Holdings Inc. has a 52-week low of $2,998.52 and a 52-week high of $5,060.50. The company has a market capitalization of $163.62 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.54 and a beta of 1.38.
Booking Dividend Announcement
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 paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is 23.75%.
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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