Tokio Marine Asset Management Co. Ltd. Purchases 36 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 967 shares of the business services provider’s stock after buying an additional 36 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Booking were worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Summit Asset Management LLC grew its holdings in Booking by 6.9% during the 3rd quarter. Summit Asset Management LLC now owns 62 shares of the business services provider’s stock worth $261,000 after acquiring an additional 4 shares during the period. Mizuho Securities Co. Ltd. raised its position in Booking by 300.0% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 16 shares of the business services provider’s stock valued at $67,000 after buying an additional 12 shares during the last quarter. D Orazio & Associates Inc. increased its stake in Booking by 3.2% in the 3rd quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock valued at $405,000 after buying an additional 3 shares during the last quarter. ICICI Prudential Asset Management Co Ltd grew its stake in Booking by 17.5% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 437 shares of the business services provider’s stock valued at $1,841,000 after purchasing an additional 65 shares in the last quarter. Finally, Parthenon LLC grew its stake in shares of Booking by 0.3% in the third quarter. Parthenon LLC now owns 3,509 shares of the business services provider’s stock valued at $14,780,000 after buying an additional 11 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wedbush increased their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Oppenheimer upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Barclays boosted their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Citigroup upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Activity

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

Booking Stock Performance

Shares of NASDAQ BKNG traded down $1.96 during midday trading on Thursday, hitting $4,985.48. 7,197 shares of the stock traded hands, compared to its average volume of 247,164. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44. The business has a 50 day moving average price of $4,311.61 and a two-hundred day moving average price of $3,966.44. The company has a market cap of $165.02 billion, a PE ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38.

Booking Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s dividend payout ratio is presently 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.