Caprock Group LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Caprock Group LLC cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,644 shares of the business services provider’s stock after selling 40 shares during the period. Caprock Group LLC’s holdings in Booking were worth $6,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the third quarter valued at approximately $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Kings Path Partners LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking in the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock opened at $5,017.78 on Tuesday. The company has a 50-day moving average of $4,384.57 and a two-hundred day moving average of $4,002.18. The firm has a market cap of $166.09 billion, a PE ratio of 34.05, a price-to-earnings-growth 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.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling at Booking

In related 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 completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada boosted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Tigress Financial lifted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,785.00.

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.