Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Canopy Partners LLC

Canopy Partners LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 191 shares of the business services provider’s stock after selling 2 shares during the period. Canopy Partners LLC’s holdings in Booking were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Booking in the 3rd quarter valued at about $5,322,600,000. 1832 Asset Management L.P. raised its holdings in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares during the period. AustralianSuper Pty Ltd boosted its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in Booking in the second quarter valued at approximately $125,615,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’s 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 owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Mizuho upped their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Wedbush lifted their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, DA Davidson increased their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,785.00.

Booking Trading Down 0.6 %

BKNG opened at $5,177.15 on Friday. The company has a fifty day simple moving average of $4,482.65 and a 200 day simple moving average of $4,038.22. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,216.00. The firm has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38.

Booking Announces Dividend

The business 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 $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, December 6th. 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.