Strategy Asset Managers LLC Acquires 127 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Strategy Asset Managers LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 55.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358 shares of the business services provider's stock after purchasing an additional 127 shares during the period. Strategy Asset Managers LLC's holdings in Booking were worth $1,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV increased its position in Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after acquiring an additional 334 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Booking during the first quarter valued at about $537,000. BDF Gestion acquired a new stake in Booking in the second quarter worth about $6,897,000. Gamco Investors INC. ET AL bought a new position in Booking in the 1st quarter valued at about $519,000. Finally, Cumberland Partners Ltd raised its position in shares of Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock worth $2,106,000 after buying an additional 100 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JMP Securities boosted their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Benchmark reissued a "buy" rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. UBS Group lifted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4,785.00.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm's stock in a transaction dated 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 owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company's stock.

Booking Trading Down 0.1 %

Shares of BKNG traded down $4.07 during trading hours on Wednesday, hitting $4,972.92. 80,070 shares of the stock traded hands, compared to its average volume of 247,145. The firm has a market capitalization of $164.60 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The business has a fifty day moving average of $4,407.41 and a 200-day moving average of $4,012.03.

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 annualized dividend and a yield of 0.70%. Booking's dividend payout ratio (DPR) is presently 23.75%.

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.