M&T Bank Corp Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

M&T Bank Corp lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,840 shares of the business services provider's stock after selling 303 shares during the quarter. M&T Bank Corp's holdings in Booking were worth $54,084,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the third quarter worth about $25,000. POM Investment Strategies LLC purchased a new stake in Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC bought a new stake in shares of Booking during the second quarter valued at approximately $28,000. West Financial Advisors LLC purchased a new position in shares of Booking in the third quarter worth $29,000. Finally, Financial Connections Group Inc. bought a new position in shares of Booking during the second quarter worth $31,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

BKNG stock traded up $68.19 during mid-day trading on Friday, reaching $5,048.59. The company had a trading volume of 452,711 shares, compared to its average volume of 246,822. The firm has a fifty day simple moving average of $4,893.64 and a 200 day simple moving average of $4,235.87. The company has a market capitalization of $167.09 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.69%. Booking's dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Truist Financial boosted their target price 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. Bank of America raised their price target on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their target price on Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4,909.90.

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.