Overbrook Management Corp Has $9.63 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Overbrook Management Corp cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,286 shares of the business services provider's stock after selling 468 shares during the quarter. Booking comprises 2.2% of Overbrook Management Corp's investment portfolio, making the stock its 20th largest holding. Overbrook Management Corp's holdings in Booking were worth $9,629,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Booking in the third quarter valued at $5,322,600,000. 1832 Asset Management L.P. raised its stake in shares of Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock valued at $282,590,000 after purchasing an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock valued at $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Booking in the second quarter valued at $125,615,000. Finally, Swedbank AB acquired a new position in shares of Booking in the first quarter valued at $95,460,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of Booking stock opened at $5,016.43 on Thursday. The business's 50 day simple moving average is $4,431.19 and its 200 day simple moving average is $4,019.06. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,069.44. The firm has a market cap of $166.04 billion, a PE ratio of 34.04, a P/E/G ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group increased their price objective 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. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $4,785.00.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm's 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 value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by insiders.

About Booking

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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