Commerce Bank Has $57.08 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Commerce Bank lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,552 shares of the business services provider’s stock after purchasing an additional 272 shares during the period. Commerce Bank’s holdings in Booking were worth $57,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sheaff Brock Investment Advisors LLC increased its position in Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after purchasing an additional 3 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after buying an additional 3 shares during the last quarter. First Horizon Advisors Inc. increased 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 worth $380,000 after buying an additional 3 shares in the last quarter. American National Bank lifted its stake in shares of Booking by 3.7% in the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 3 shares during the last quarter. Finally, Jacobsen Capital Management boosted its holdings in shares of Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on BKNG. BMO Capital Markets upped their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America lifted their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Morgan Stanley increased their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

Insider Buying and Selling at Booking

In related 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 transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $4,976.99 on Wednesday. The firm has a market capitalization of $164.74 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.55 and a beta of 1.38. The company has a 50-day moving average of $4,407.41 and a 200 day moving average of $4,012.03. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44.

Booking Dividend Announcement

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. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is 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.