Teachers Retirement System of The State of Kentucky decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,983 shares of the business services provider's stock after selling 844 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Booking were worth $33,626,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new stake in shares of Booking in the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Booking during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Performance
BKNG traded up $107.67 during trading on Wednesday, reaching $5,293.00. The company had a trading volume of 193,944 shares, compared to its average volume of 245,660. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.20. The company has a market cap of $175.20 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.14 and a beta of 1.41. The firm's 50-day simple moving average is $4,745.96 and its 200 day simple moving average is $4,165.57.
Booking Dividend Announcement
The company also recently declared 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 0.66%. Booking's dividend payout ratio is currently 23.75%.
Wall Street Analysts Forecast Growth
BKNG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Mizuho raised their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Finally, Bank of America raised their price target on Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $4,837.17.
Check Out Our Latest Stock Report on Booking
Booking Profile
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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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