Capital Performance Advisors LLP Purchases New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Capital Performance Advisors LLP purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35 shares of the business services provider’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking during the third quarter worth $25,000. Grove Bank & Trust increased its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC acquired a new stake in Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC bought a new position in Booking during the third quarter worth about $29,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKNG. 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. Citigroup lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday. Barclays increased their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Wedbush increased their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Booking Price Performance

BKNG stock traded up $35.23 during trading on Friday, reaching $4,956.10. 34,779 shares of the company were exchanged, compared to its average volume of 247,384. The company has a market capitalization of $164.05 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 1.49 and a beta of 1.38. The company has a 50-day moving average of $4,199.26 and a two-hundred day moving average of $3,914.68. Booking Holdings Inc. has a twelve month low of $2,998.52 and a twelve month high of $5,060.50.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is 23.75%.

Booking Company 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.