OVERSEA CHINESE BANKING Corp Ltd Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,906 shares of the business services provider’s stock after selling 2,070 shares during the quarter. Booking makes up approximately 1.3% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 14th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Booking were worth $45,937,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Jamison Private Wealth Management Inc. purchased a new position in Booking during the 3rd quarter valued at about $25,000. Grove Bank & Trust grew its stake in Booking by 133.3% during 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 purchased a new stake in Booking in the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking during the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BKNG shares. Wells Fargo & Company lifted their price target on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Susquehanna boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Eleven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Insider Transactions at Booking

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

Booking Price Performance

BKNG stock opened at $5,065.40 on Tuesday. Booking Holdings Inc. has a 1-year low of $3,076.54 and a 1-year high of $5,069.44. The business has a 50-day moving average price of $4,263.66 and a 200 day moving average price of $3,948.67. The company has a market capitalization of $167.65 billion, a P/E ratio of 34.37, a PEG ratio of 1.54 and a beta of 1.38.

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 issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.69%. Booking’s dividend payout ratio is currently 23.75%.

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.