Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,068 shares of the business services provider's stock after selling 492 shares during the period. Tidal Investments LLC's holdings in Booking were worth $12,923,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Icon Wealth Advisors LLC raised its position in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking during the third quarter worth about $5,322,600,000. Harvard Management Co. Inc. purchased a new position in Booking during the third quarter worth about $155,427,000. 1832 Asset Management L.P. lifted its position in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock valued at $282,590,000 after purchasing an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd boosted its holdings in Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock valued at $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BKNG. Jefferies Financial Group upped their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Mizuho upped their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Bank of America upped their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Argus downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $4,866.03.

Booking Trading Down 0.5 %

NASDAQ BKNG traded down $26.10 during mid-day trading on Friday, reaching $5,242.83. 81,293 shares of the company's stock traded hands, compared to its average volume of 244,909. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a fifty day simple moving average of $4,792.61 and a 200-day simple moving average of $4,181.06. The company has a market cap of $173.54 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.67%. Booking's dividend payout ratio (DPR) 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.