Zurcher Kantonalbank Zurich Cantonalbank Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,371 shares of the business services provider's stock after selling 544 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Booking worth $90,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in Booking by 5.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 471 shares of the business services provider's stock valued at $1,709,000 after purchasing an additional 23 shares during the period. Hancock Whitney Corp raised its holdings in shares of Booking by 17.6% in the 1st quarter. Hancock Whitney Corp now owns 375 shares of the business services provider's stock worth $1,360,000 after acquiring an additional 56 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Booking by 13.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 248 shares of the business services provider's stock worth $900,000 after acquiring an additional 29 shares during the last quarter. Swedbank AB bought a new position in Booking in the 1st quarter valued at about $95,460,000. Finally, Atria Investments Inc increased its holdings in Booking by 7.0% during the 1st quarter. Atria Investments Inc now owns 2,570 shares of the business services provider's stock worth $9,308,000 after purchasing an additional 169 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Up 0.2 %

Booking stock traded up $8.43 during trading hours on Thursday, hitting $5,223.15. 171,126 shares of the stock traded hands, compared to its average volume of 247,664. The company has a market cap of $172.89 billion, a PE ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38. The firm's 50-day moving average price is $4,552.59 and its two-hundred day moving average price is $4,071.32. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,237.00.

Booking Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.67%. Booking's payout ratio is 23.75%.

Analysts Set New Price Targets

Several research firms recently weighed in on BKNG. UBS Group boosted their price target 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. Piper Sandler upped their target price on Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Bank of America lifted 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. Jefferies Financial Group upped their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Finally, Argus cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4,820.50.

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.