Meeder Advisory Services Inc. Has $2.70 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Meeder Advisory Services Inc. lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 642 shares of the business services provider’s stock after selling 17 shares during the period. Meeder Advisory Services Inc.’s holdings in Booking were worth $2,704,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in Booking by 4.5% during the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the period. Ninety One UK Ltd grew its stake in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the period. International Assets Investment Management LLC acquired a new stake in Booking during the third quarter worth approximately $5,322,600,000. Acadian Asset Management LLC grew its stake in Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock worth $420,865,000 after purchasing an additional 13,908 shares during the period. Finally, Lone Pine Capital LLC grew its stake in Booking by 0.8% during the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock worth $416,659,000 after purchasing an additional 883 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,973.94 on Monday. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44. The company has a market cap of $164.64 billion, a PE ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. The stock’s 50-day moving average is $4,360.27 and its 200 day moving average is $3,991.30.

Booking Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio is presently 23.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKNG shares. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Oppenheimer increased their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Finally, Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.