Ontario Teachers Pension Plan Board decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 44.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426 shares of the business services provider's stock after selling 347 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Booking were worth $1,794,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in BKNG. Janus Henderson Group PLC raised its stake in shares of Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider's stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd raised its position in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock valued at $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Booking during the third quarter valued at approximately $5,322,600,000. Acadian Asset Management LLC raised its position in Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider's stock valued at $420,865,000 after acquiring an additional 13,908 shares in the last quarter. Finally, Lone Pine Capital LLC raised its position in Booking by 0.8% during the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider's stock valued at $416,659,000 after acquiring an additional 883 shares in the last quarter. Institutional investors own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BKNG. UBS Group lifted 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. Barclays lifted their price target 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. Wedbush lifted their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Jefferies Financial Group lifted their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, Benchmark reiterated a "buy" rating and set a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $4,785.00.
Get Our Latest Report on BKNG
Booking Stock Performance
Shares of NASDAQ:BKNG traded up $39.44 on Wednesday, hitting $5,016.43. 167,411 shares of the company's stock were exchanged, compared to its average volume of 247,532. The firm's 50-day moving average is $4,407.41 and its 200 day moving average is $4,012.03. The company has a market capitalization of $166.04 billion, a PE ratio of 33.59, 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.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. Booking's dividend payout ratio is currently 23.75%.
Insider Transactions at Booking
In related 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 completion of the sale, the insider now directly owns 3,787 shares of the company's stock, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company's stock.
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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