OVERSEA CHINESE BANKING Corp Ltd Reduces Stake in Booking Holdings Inc. (NASDAQ:BKNG)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,906 shares of the business services provider's stock after selling 2,070 shares during the period. Booking makes up approximately 1.3% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 14th biggest position. OVERSEA CHINESE BANKING Corp Ltd's holdings in Booking were worth $45,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BKNG. Bleakley Financial Group LLC lifted its stake in shares of Booking by 0.3% in the 1st quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider's stock worth $3,153,000 after purchasing an additional 3 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Booking by 0.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,461,000 after purchasing an additional 3 shares during the period. CVA Family Office LLC lifted its stake in shares of Booking by 8.1% in the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider's stock worth $158,000 after purchasing an additional 3 shares during the period. American National Bank lifted its stake in shares of Booking by 3.7% in the 2nd quarter. American National Bank now owns 84 shares of the business services provider's stock worth $333,000 after purchasing an additional 3 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Booking by 3.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock worth $380,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company's stock.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were 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 approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Booking Trading Down 1.2 %

Shares of Booking stock traded down $62.50 during trading on Tuesday, hitting $5,002.90. 94,352 shares of the stock traded hands, compared to its average volume of 247,487. The firm has a market cap of $165.58 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $3,076.54 and a 52-week high of $5,069.44. The stock's fifty day simple moving average is $4,263.66 and its 200 day simple moving average is $3,948.67.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Argus lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Royal Bank of Canada increased their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Susquehanna increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Finally, Oppenheimer increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $4,749.83.

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.