M&T Bank Corp Sells 303 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

M&T Bank Corp cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Garner Asset Management Corp lifted its stake in shares of Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after purchasing an additional 2 shares during the period. American National Bank raised its stake in Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider's stock worth $333,000 after buying an additional 3 shares during the period. First Horizon Advisors Inc. raised its stake in Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock worth $380,000 after buying an additional 3 shares during the period. Jacobsen Capital Management raised its stake in Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider's stock worth $757,000 after buying an additional 3 shares during the period. Finally, Optas LLC raised its stake in Booking by 2.9% during the 2nd quarter. Optas LLC now owns 107 shares of the business services provider's stock worth $424,000 after buying an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.7 %

BKNG traded up $35.73 on Tuesday, hitting $5,185.33. The company's stock had a trading volume of 254,709 shares, compared to its average volume of 246,217. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.20. The firm has a market cap of $171.63 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. The company's 50 day simple moving average is $4,724.27 and its 200-day simple moving average is $4,155.78.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking's payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research reports. BMO Capital Markets upped their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. JMP Securities boosted their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Bank of America boosted their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Truist Financial boosted their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $4,837.17.

Booking 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.