Temasek Holdings Private Ltd Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Temasek Holdings Private Ltd reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,898 shares of the business services provider’s stock after selling 26 shares during the period. Temasek Holdings Private Ltd’s holdings in Booking were worth $41,692,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the third quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Kings Path Partners LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BKNG. Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target for the company. Oppenheimer upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Mizuho increased their target price on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Truist Financial boosted their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4,820.50.

Booking Price Performance

Booking stock opened at $5,287.94 on Friday. Booking Holdings Inc. has a 12 month low of $3,127.31 and a 12 month high of $5,330.00. The stock has a market capitalization of $175.03 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41. The business has a 50 day simple moving average of $4,684.48 and a 200-day simple moving average of $4,130.83.

Booking Announces Dividend

The company also recently declared 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 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio 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.