GSG Advisors LLC Takes $201,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

GSG Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, HoldingsChannel reports. The fund bought 49 shares of the business services provider’s stock, valued at approximately $201,000.

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

Analyst Ratings Changes

A number of analysts have weighed in on BKNG shares. UBS Group increased their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Mizuho increased their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI reduced their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Oppenheimer raised their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Eleven investment 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. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Stock Performance

Shares of BKNG opened at $4,943.27 on Friday. The firm has a market cap of $163.62 billion, a PE ratio of 33.54, a PEG ratio of 1.56 and a beta of 1.38. The firm’s 50 day moving average price is $4,240.54 and its 200 day moving average price is $3,931.94. Booking Holdings Inc. has a twelve month low of $2,998.52 and a twelve month high of $5,060.50.

Booking Announces Dividend

The business also recently declared 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 of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred 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 owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

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.