Peak Asset Management LLC Decreases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Peak Asset Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the business services provider’s stock after selling 4 shares during the quarter. Booking accounts for about 2.3% of Peak Asset Management LLC’s portfolio, making the stock its 17th largest position. Peak Asset Management LLC’s holdings in Booking were worth $11,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after buying an additional 21,969 shares during the last quarter. Ninety One UK Ltd grew its holdings in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares during the period. International Assets Investment Management LLC acquired a new stake in Booking during the third quarter worth about $5,322,600,000. Finally, Acadian Asset Management LLC raised its position in Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after acquiring an additional 13,908 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BKNG shares. Jefferies Financial Group increased their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wedbush raised their target price on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Ten equities 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Activity

In related 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 value of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at approximately $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 SEC, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.

Booking Stock Down 0.7 %

Booking stock opened at $4,987.44 on Thursday. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The stock has a market cap of $165.08 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The company’s fifty day simple moving average is $4,287.85 and its 200-day simple moving average is $3,959.25.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s 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.