Nomura Asset Management Co. Ltd. Has $55.65 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Nomura Asset Management Co. Ltd. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,212 shares of the business services provider’s stock after selling 173 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Booking were worth $55,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. MML Investors Services LLC boosted its stake in Booking by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 12,616 shares of the business services provider’s stock valued at $53,140,000 after purchasing an additional 206 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in shares of Booking during the third quarter worth $383,000. Dunhill Financial LLC boosted its position in shares of Booking by 2.0% in the third quarter. Dunhill Financial LLC now owns 155 shares of the business services provider’s stock valued at $654,000 after acquiring an additional 3 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Booking by 1.2% in the third quarter. Orion Portfolio Solutions LLC now owns 2,125 shares of the business services provider’s stock valued at $8,951,000 after acquiring an additional 25 shares in the last quarter. Finally, Hendershot Investments Inc. increased its position in Booking by 5.6% during the third quarter. Hendershot Investments Inc. now owns 6,414 shares of the business services provider’s stock worth $27,017,000 after acquiring an additional 340 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price target on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Wedbush raised their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,837.17.

Booking Price Performance

BKNG opened at $5,149.60 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.20. The company’s 50 day moving average price is $4,724.27 and its two-hundred day moving average price is $4,155.78. The firm has a market capitalization of $170.45 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.14 and a beta of 1.41.

Booking Announces Dividend

The business 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 $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. Booking’s payout ratio 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.