Penserra Capital Management LLC Sells 356 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Penserra Capital Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 23.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,145 shares of the business services provider’s stock after selling 356 shares during the period. Penserra Capital Management LLC’s holdings in Booking were worth $4,821,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BKNG. Nations Financial Group Inc. IA ADV increased its position in shares of Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the period. BDF Gestion purchased a new position in Booking during the 2nd quarter valued at about $6,897,000. Gamco Investors INC. ET AL bought a new position in Booking during the 1st quarter valued at approximately $519,000. Cumberland Partners Ltd lifted its holdings in Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after buying an additional 100 shares during the period. Finally, CWM LLC grew its position in shares of Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after buying an additional 277 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 0.6 %

BKNG opened at $5,177.15 on Monday. The company’s 50 day moving average is $4,482.65 and its 200 day moving average is $4,043.93. The company has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a PEG 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.

Booking Dividend Announcement

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

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BKNG. Jefferies Financial Group upped their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Mizuho upped their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JMP Securities lifted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. BMO Capital Markets increased their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Barclays lifted their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Company 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.