River Global Investors LLP Has $5.63 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

River Global Investors LLP reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the business services provider's stock after selling 399 shares during the period. Booking accounts for 1.2% of River Global Investors LLP's investment portfolio, making the stock its 17th biggest holding. River Global Investors LLP's holdings in Booking were worth $5,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Booking during the 3rd quarter valued at $211,000. Crossmark Global Holdings Inc. lifted its stake in shares of Booking by 5.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,501 shares of the business services provider's stock valued at $23,171,000 after purchasing an additional 296 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of Booking by 90.5% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 160 shares of the business services provider's stock valued at $674,000 after purchasing an additional 76 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Booking by 14.4% in the 3rd quarter. Sigma Planning Corp now owns 135 shares of the business services provider's stock valued at $568,000 after purchasing an additional 17 shares during the last quarter. Finally, Ted Buchan & Co lifted its stake in shares of Booking by 153.1% in the 3rd quarter. Ted Buchan & Co now owns 205 shares of the business services provider's stock valued at $863,000 after purchasing an additional 124 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several analyst reports. Evercore ISI reduced their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Susquehanna lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Mizuho boosted their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their target price 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. Eleven investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.

Booking Stock Performance

Booking stock traded up $22.40 during trading hours on Friday, hitting $4,943.27. 282,361 shares of the stock were exchanged, compared to its average volume of 228,754. The stock has a market capitalization of $163.62 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.54 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $2,998.52 and a 12 month high of $5,060.50. The business's 50-day moving average is $4,240.54 and its two-hundred day moving average is $3,934.73.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking's dividend 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.