Retirement Systems of Alabama Sells 197 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Retirement Systems of Alabama reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,288 shares of the business services provider's stock after selling 197 shares during the period. Retirement Systems of Alabama's holdings in Booking were worth $30,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas bought a new position in Booking during the 3rd quarter valued at about $18,508,000. Inspire Trust Co. N.A. increased its holdings in shares of Booking by 404.4% during the third quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider's stock worth $1,933,000 after buying an additional 368 shares in the last quarter. Optimist Retirement Group LLC raised its stake in shares of Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Booking by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider's stock worth $6,529,000 after acquiring an additional 335 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of Booking by 3,561.9% in the 3rd quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider's stock worth $12,955,000 after acquiring an additional 2,992 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BKNG shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Citigroup raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Truist Financial increased their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $4,866.03.

Booking Stock Performance

NASDAQ BKNG traded down $41.32 during trading hours on Friday, reaching $5,227.61. 141,834 shares of the company's stock were exchanged, compared to its average volume of 245,170. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company's 50-day moving average is $4,813.41 and its two-hundred day moving average is $4,191.01. The company has a market capitalization of $173.03 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41.

Booking Announces Dividend

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

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.