Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 350 shares of the business services provider’s stock after selling 30 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Booking were worth $1,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the third quarter valued at $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking during the second quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking in the third quarter worth about $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $5,177.15 on Friday. The company has a 50-day moving average of $4,482.65 and a two-hundred day moving average of $4,041.24. The stock has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,216.00.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given 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 0.68%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. JMP Securities upped their price target on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. B. Riley boosted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,785.00.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.