RiverPark Advisors LLC Sells 78 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

RiverPark Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 876 shares of the business services provider’s stock after selling 78 shares during the period. Booking makes up approximately 3.0% of RiverPark Advisors LLC’s holdings, making the stock its 8th biggest holding. RiverPark Advisors LLC’s holdings in Booking were worth $3,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Adero Partners LLC acquired a new stake in Booking during the 3rd quarter worth approximately $214,000. Evergreen Wealth Management LLC grew its stake in shares of Booking by 12.3% during the 3rd quarter. Evergreen Wealth Management LLC now owns 301 shares of the business services provider’s stock worth $1,266,000 after acquiring an additional 33 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Booking by 2.7% during the 3rd quarter. Natixis Advisors LLC now owns 15,608 shares of the business services provider’s stock worth $65,743,000 after acquiring an additional 415 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of Booking by 464.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 14,770 shares of the business services provider’s stock worth $62,213,000 after acquiring an additional 12,155 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its stake in shares of Booking by 8.2% during the 3rd quarter. KCM Investment Advisors LLC now owns 369 shares of the business services provider’s stock worth $1,555,000 after acquiring an additional 28 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKNG. Piper Sandler raised their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Barclays raised their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Mizuho raised their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, UBS Group raised their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by insiders.

Booking Stock Up 0.1 %

BKNG stock opened at $4,975.19 on Friday. The company has a market cap of $164.68 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The business has a 50-day simple moving average of $4,360.27 and a 200 day simple moving average of $3,987.27. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44.

Booking Announces Dividend

The business 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

About Booking

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.