Pathstone Holdings LLC Cuts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Pathstone Holdings LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,321 shares of the business services provider’s stock after selling 158 shares during the period. Pathstone Holdings LLC’s holdings in Booking were worth $18,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in Booking by 4.5% in 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 in the last quarter. Ninety One UK Ltd raised its stake in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the third quarter valued at approximately $5,322,600,000. Acadian Asset Management LLC lifted its position 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 valued at $420,865,000 after acquiring an additional 13,908 shares during the last quarter. Finally, Lone Pine Capital LLC boosted its stake in Booking by 0.8% in the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock valued at $416,659,000 after acquiring an additional 883 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. UBS Group upped their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Booking Stock Down 0.8 %

Shares of Booking stock opened at $4,976.99 on Wednesday. The firm has a market cap of $164.74 billion, a PE ratio of 33.77, a P/E/G ratio of 1.55 and a beta of 1.38. The business has a 50-day moving average price of $4,407.41 and a 200 day moving average price of $4,012.03. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio 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.