Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 50.8% in the third quarter, HoldingsChannel reports. The fund owned 29 shares of the business services provider’s stock after selling 30 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Booking were worth $122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC lifted its holdings in Booking by 90.5% in the third quarter. Legacy Capital Wealth Partners LLC now owns 160 shares of the business services provider’s stock worth $674,000 after purchasing an additional 76 shares during the period. Sigma Planning Corp lifted its stake in shares of Booking by 14.4% in the 3rd quarter. Sigma Planning Corp now owns 135 shares of the business services provider’s stock worth $568,000 after acquiring an additional 17 shares during the period. Ted Buchan & Co lifted its stake in shares of Booking by 153.1% in the 3rd quarter. Ted Buchan & Co now owns 205 shares of the business services provider’s stock worth $863,000 after acquiring an additional 124 shares during the period. Troy Asset Management Ltd boosted its holdings in shares of Booking by 8.0% in the third quarter. Troy Asset Management Ltd now owns 8,844 shares of the business services provider’s stock valued at $37,252,000 after acquiring an additional 653 shares in the last quarter. Finally, GSG Advisors LLC bought a new stake in Booking during the third quarter worth approximately $201,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. Truist Financial increased their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. UBS Group boosted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, JMP Securities boosted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Eleven 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. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

Booking Stock Performance

Shares of BKNG opened at $4,943.27 on Monday. The firm has a market cap of $163.62 billion, a PE ratio of 33.54, a PEG ratio of 1.54 and a beta of 1.38. The firm’s 50 day moving average price is $4,240.54 and its 200 day moving average price is $3,934.73. Booking Holdings Inc. has a twelve month low of $2,998.52 and a twelve month high of $5,060.50.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

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.