Vestcor Inc Sells 99 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Vestcor Inc trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,317 shares of the business services provider's stock after selling 99 shares during the period. Vestcor Inc's holdings in Booking were worth $5,547,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BKNG. Sequoia Financial Advisors LLC boosted its position in shares of Booking by 2.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 744 shares of the business services provider's stock valued at $2,947,000 after purchasing an additional 20 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Booking by 5.7% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 130 shares of the business services provider's stock worth $514,000 after purchasing an additional 7 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Booking by 2.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,151 shares of the business services provider's stock worth $24,368,000 after purchasing an additional 126 shares in the last quarter. Deltec Asset Management LLC raised its stake in shares of Booking by 24.3% in the 2nd quarter. Deltec Asset Management LLC now owns 460 shares of the business services provider's stock valued at $1,822,000 after acquiring an additional 90 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of Booking by 700.0% in the 2nd quarter. ORG Partners LLC now owns 16 shares of the business services provider's stock valued at $62,000 after acquiring an additional 14 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

BKNG stock traded up $35.73 during midday trading on Tuesday, reaching $5,185.33. 254,709 shares of the stock were exchanged, compared to its average volume of 246,217. The stock has a market capitalization of $171.63 billion, a PE ratio of 35.19, a P/E/G ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.20. The company has a fifty day moving average price of $4,724.27 and a 200 day moving average price of $4,155.78.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is 23.75%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BKNG shares. Deutsche Bank Aktiengesellschaft raised their target price on Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. StockNews.com raised Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, JMP Securities boosted their price target on Booking from $5,000.00 to $5,400.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Ten 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4,837.17.

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.