Parthenon LLC Boosts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Parthenon LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,509 shares of the business services provider’s stock after purchasing an additional 11 shares during the period. Booking comprises 1.8% of Parthenon LLC’s portfolio, making the stock its 17th biggest holding. Parthenon LLC’s holdings in Booking were worth $14,780,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Booking during the 1st quarter worth $537,000. BDF Gestion purchased a new stake in shares of Booking in the 2nd quarter worth $6,897,000. Gamco Investors INC. ET AL purchased a new stake in shares of Booking in the 1st quarter worth $519,000. Finally, CWM LLC raised its holdings in Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

Shares of Booking stock traded down $12.92 on Wednesday, reaching $5,010.00. The company had a trading volume of 32,163 shares, compared to its average volume of 247,495. The firm has a market cap of $165.83 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 1.58 and a beta of 1.38. The firm’s 50-day moving average price is $4,287.85 and its two-hundred day moving average price is $3,959.25. 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 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 dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’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 completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Benchmark reissued a “buy” rating and set a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Mizuho increased their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, UBS Group lifted 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. Eleven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

About Booking

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.