Hotchkis & Wiley Capital Management LLC Sells 145 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,638 shares of the business services provider’s stock after selling 145 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Booking were worth $95,354,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hilltop Holdings Inc. increased its position in Booking by 24.9% in the third quarter. Hilltop Holdings Inc. now owns 316 shares of the business services provider’s stock worth $1,327,000 after buying an additional 63 shares in the last quarter. Ascent Group LLC raised its stake in shares of Booking by 5.2% in the third quarter. Ascent Group LLC now owns 161 shares of the business services provider’s stock worth $678,000 after purchasing an additional 8 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Booking by 43.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 428 shares of the business services provider’s stock valued at $1,808,000 after acquiring an additional 130 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Booking in the third quarter valued at about $59,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Booking during the 3rd quarter worth $46,667,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.4 %

Shares of BKNG opened at $5,224.28 on Tuesday. The stock has a market cap of $172.92 billion, a PE ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41. The stock has a 50 day simple moving average of $4,599.47 and a 200-day simple moving average of $4,093.76. Booking Holdings Inc. has a 1 year low of $3,104.48 and a 1 year high of $5,237.00.

Booking Announces Dividend

The firm 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 dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. Booking’s payout ratio is presently 23.75%.

Analysts Set New Price Targets

Several equities analysts have issued reports on BKNG shares. Robert W. Baird began coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Wedbush increased their price objective 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. Truist Financial lifted their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

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.