Mizuho Securities USA LLC Buys 12,155 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mizuho Securities USA LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 464.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,770 shares of the business services provider's stock after purchasing an additional 12,155 shares during the period. Mizuho Securities USA LLC's holdings in Booking were worth $62,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its position 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 acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter valued at about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Barclays raised their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Oppenheimer upped their price target 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. Finally, Wedbush raised their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4,749.83.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the 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 transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company's stock.

Booking Stock Performance

Shares of Booking stock traded up $4.21 during trading hours on Friday, reaching $4,975.19. The company's stock had a trading volume of 235,745 shares, compared to its average volume of 248,170. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44. The company has a market capitalization of $164.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. The stock's fifty day simple moving average is $4,360.27 and its two-hundred day simple moving average is $3,983.56.

Booking Dividend Announcement

The business also recently disclosed 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. This represents a $35.00 annualized dividend and a 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%.

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.