Algert Global LLC Has $5.54 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Algert Global LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1,023.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,314 shares of the business services provider’s stock after acquiring an additional 1,197 shares during the quarter. Algert Global LLC’s holdings in Booking were worth $5,535,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust boosted its stake in shares of 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 acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Booking during the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter worth approximately $29,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 0.6 %

Shares of BKNG stock opened at $5,177.15 on Monday. The company has a market capitalization of $171.36 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.61 and a beta of 1.38. 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 50-day moving average price of $4,482.65 and a 200 day moving average price of $4,043.93.

Booking Dividend Announcement

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 issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Analyst Ratings Changes

BKNG has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JMP Securities lifted their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Ten research 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 MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Insider Buying and Selling

In related 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 owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

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.