Cerity Partners LLC Has $46.61 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Cerity Partners LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.7% in the third quarter, HoldingsChannel.com reports. The fund owned 11,066 shares of the business services provider’s stock after acquiring an additional 1,074 shares during the quarter. Cerity Partners LLC’s holdings in Booking were worth $46,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Advisors Asset Management Inc. boosted its position in shares of Booking by 23.8% during the 1st quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock worth $1,886,000 after purchasing an additional 100 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Booking during the 1st quarter worth about $519,000. SVB Wealth LLC boosted its position in shares of Booking by 3.7% during the 1st quarter. SVB Wealth LLC now owns 613 shares of the business services provider’s stock worth $2,225,000 after purchasing an additional 22 shares in the last quarter. Ascent Group LLC boosted its position in shares of Booking by 4.2% during the 1st quarter. Ascent Group LLC now owns 125 shares of the business services provider’s stock worth $453,000 after purchasing an additional 5 shares in the last quarter. Finally, Benchmark Investment Advisors LLC boosted its position in shares of Booking by 61.7% during the 1st quarter. Benchmark Investment Advisors LLC now owns 312 shares of the business services provider’s stock worth $1,133,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.6 %

Shares of BKNG stock opened at $5,177.15 on Friday. The company has a 50 day moving average of $4,482.65 and a 200-day moving average of $4,041.24. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,216.00. The firm has a market cap of $171.36 billion, a P/E ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. Booking’s payout ratio is 23.75%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKNG. Wedbush increased their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. DA Davidson raised their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

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.