Professional Advisory Services Inc. grew its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,193 shares of the business services provider’s stock after buying an additional 45 shares during the quarter. Booking makes up approximately 4.5% of Professional Advisory Services Inc.’s portfolio, making the stock its 3rd largest holding. Professional Advisory Services Inc.’s holdings in Booking were worth $34,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Booking by 29.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after purchasing an additional 43,743 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Booking by 22.1% during the 1st quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock worth $584,492,000 after purchasing an additional 28,904 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
Booking Stock Up 0.8 %
Shares of NASDAQ BKNG opened at $4,370.77 on Friday. The firm’s 50-day simple moving average is $3,962.18 and its 200 day simple moving average is $3,815.43. The company has a market cap of $148.29 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,394.95.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. Booking’s payout ratio is presently 26.25%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on BKNG shares. JMP Securities boosted their price objective on Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research report on Tuesday. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson cut their price target on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Benchmark cut their price target on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, B. Riley cut their price target on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,130.18.
Get Our Latest Report on Booking
Insider Buying and Selling at Booking
In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Booking
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Global Lithium Demand Soars: Top 3 Stocks Positioned to Gain
- What is the Dow Jones Industrial Average (DJIA)?
- Oil Prices Fall, Sector Pulls Back: Time to Buy this Stock?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- AI Boom Fuels Demand for Dominion Energy Stock
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.