Sumitomo Mitsui Trust Group Inc. Has $443.16 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,210 shares of the business services provider's stock after selling 695 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.32% of Booking worth $443,157,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Keystone Financial Services grew its stake in shares of Booking by 6.2% in the 3rd quarter. Keystone Financial Services now owns 395 shares of the business services provider's stock worth $1,664,000 after purchasing an additional 23 shares during the last quarter. Tacita Capital Inc grew its position in Booking by 23.5% in the third quarter. Tacita Capital Inc now owns 21 shares of the business services provider's stock worth $88,000 after buying an additional 4 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after buying an additional 334 shares in the last quarter. Versor Investments LP lifted its position in shares of Booking by 55.0% during the 3rd quarter. Versor Investments LP now owns 327 shares of the business services provider's stock valued at $1,377,000 after acquiring an additional 116 shares during the last quarter. Finally, QCM Cayman Ltd. bought a new stake in shares of Booking during the 3rd quarter worth $257,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on 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 owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. DA Davidson boosted their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. UBS Group raised their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $4,749.83.

Booking Trading Down 1.2 %

BKNG traded down $59.03 on Tuesday, hitting $5,006.37. 146,061 shares of the stock traded hands, compared to its average volume of 247,723. The business has a fifty day moving average price of $4,263.66 and a two-hundred day moving average price of $3,948.67. Booking Holdings Inc. has a 52 week low of $3,076.54 and a 52 week high of $5,069.44. The firm has a market capitalization of $165.70 billion, a PE ratio of 34.37, a P/E/G ratio of 1.54 and a beta of 1.38.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid 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 dividend yield of 0.70%. Booking's payout ratio is 23.75%.

Booking 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.