Swedbank AB Decreases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Swedbank AB lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,425 shares of the business services provider’s stock after selling 46 shares during the period. Swedbank AB owned approximately 0.08% of Booking worth $107,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC raised its stake in shares of Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares during the last quarter. American National Bank grew its stake in shares of Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after acquiring an additional 3 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares during the last quarter. Jacobsen Capital Management lifted its position in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 3 shares during the period. Finally, Optas LLC boosted its holdings in Booking by 2.9% in the second quarter. Optas LLC now owns 107 shares of the business services provider’s stock worth $424,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 0.6 %

Shares of BKNG stock opened at $5,177.15 on Monday. The stock has a market capitalization of $171.36 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,216.00. The stock’s 50-day moving average price is $4,482.65 and its 200-day moving average price is $4,043.93.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. B. Riley upped their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Finally, Bank of America increased their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,785.00.

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.