Principal Financial Group Inc. boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,597 shares of the business services provider's stock after purchasing an additional 2,010 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Booking worth $166,787,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust lifted its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in Booking in the second quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking in the third quarter worth $29,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Up 0.3 %
Shares of BKNG stock traded up $15.13 on Friday, reaching $4,936.00. The company's stock had a trading volume of 199,924 shares, compared to its average volume of 248,145. Booking Holdings Inc. has a 12-month low of $2,998.52 and a 12-month high of $5,060.50. The stock's 50 day simple moving average is $4,199.26 and its 200-day simple moving average is $3,914.68. The company has a market capitalization of $163.38 billion, a P/E ratio of 33.39, a PEG ratio of 1.49 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. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking's dividend payout ratio is currently 23.75%.
Insider Buying and Selling
In other Booking news, insider Paulo Pisano sold 100 shares of Booking 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 of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on BKNG shares. Evercore ISI decreased their price objective on Booking from $4,500.00 to $4,200.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Morgan Stanley increased their price target on Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Barclays lifted their price objective 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. Finally, StockNews.com lowered Booking from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average price target of $4,749.83.
View Our Latest Report on BKNG
About Booking
(
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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