Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 33.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,451 shares of the business services provider’s stock after selling 1,717 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Booking were worth $14,536,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BKNG. Howe & Rusling Inc. grew its stake in shares of Booking by 4.5% in the 3rd quarter. Howe & Rusling Inc. now owns 1,322 shares of the business services provider’s stock valued at $5,569,000 after buying an additional 57 shares during the period. NS Partners Ltd grew its position in Booking by 1.8% in the third quarter. NS Partners Ltd now owns 5,471 shares of the business services provider’s stock worth $23,045,000 after acquiring an additional 99 shares during the period. Commerce Bank increased its stake in Booking by 2.0% during the third quarter. Commerce Bank now owns 13,552 shares of the business services provider’s stock worth $57,083,000 after acquiring an additional 272 shares during the last quarter. Strategy Asset Managers LLC raised its position in Booking by 55.0% in the third quarter. Strategy Asset Managers LLC now owns 358 shares of the business services provider’s stock valued at $1,508,000 after purchasing an additional 127 shares during the period. Finally, West Family Investments Inc. lifted its stake in shares of Booking by 44.6% in the 3rd quarter. West Family Investments Inc. now owns 94 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BKNG. Barclays increased their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI cut their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Mizuho raised their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Finally, Jefferies Financial Group boosted their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Ten equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,785.00.

Booking Stock Performance

Shares of BKNG stock opened at $5,016.43 on Thursday. The firm has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44. The stock’s 50-day moving average is $4,431.19 and its two-hundred day moving average is $4,019.06.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. 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 currently 23.75%.

Insider Transactions 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $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 available at the SEC website. Insiders own 0.12% of the company’s stock.

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.