Advisors Asset Management Inc. Sells 33 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Advisors Asset Management Inc. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 558 shares of the business services provider’s stock after selling 33 shares during the period. Advisors Asset Management Inc.’s holdings in Booking were worth $2,350,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Howe & Rusling Inc. increased its stake in Booking by 4.5% during the 3rd quarter. Howe & Rusling Inc. now owns 1,322 shares of the business services provider’s stock valued at $5,569,000 after purchasing an additional 57 shares in the last quarter. NS Partners Ltd grew its holdings in shares of Booking by 1.8% during the third quarter. NS Partners Ltd now owns 5,471 shares of the business services provider’s stock valued at $23,045,000 after buying an additional 99 shares during the last quarter. Commerce Bank increased its position in shares of Booking by 2.0% during the third quarter. Commerce Bank now owns 13,552 shares of the business services provider’s stock worth $57,083,000 after acquiring an additional 272 shares in the last quarter. Strategy Asset Managers LLC increased its position in shares of Booking by 55.0% during the third quarter. Strategy Asset Managers LLC now owns 358 shares of the business services provider’s stock worth $1,508,000 after acquiring an additional 127 shares in the last quarter. Finally, West Family Investments Inc. raised its holdings in shares of Booking by 44.6% in the 3rd quarter. West Family Investments Inc. now owns 94 shares of the business services provider’s stock worth $396,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on BKNG shares. Tigress Financial lifted their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Evercore ISI dropped their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Citigroup upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Ten investment 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 stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Booking Trading Down 0.6 %

Booking stock opened at $5,177.15 on Friday. The firm has a 50 day simple moving average of $4,482.65 and a 200 day simple moving average of $4,041.24. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,216.00. The firm has a market capitalization of $171.36 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.62 and a beta of 1.38.

Booking Dividend Announcement

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 given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

About Booking

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.