Kennebec Savings Bank Buys Shares of 241 Booking Holdings Inc. (NASDAQ:BKNG)

Kennebec Savings Bank acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 241 shares of the business services provider’s stock, valued at approximately $1,015,000. Booking comprises 1.0% of Kennebec Savings Bank’s holdings, making the stock its 28th largest position.

A number of other hedge funds have also recently bought and sold shares of BKNG. Ashton Thomas Securities LLC raised its stake in shares of Booking by 9.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 458 shares of the business services provider’s stock worth $1,929,000 after purchasing an additional 38 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Booking during the third quarter worth $211,000. Crossmark Global Holdings Inc. grew its position in shares of Booking by 5.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,501 shares of the business services provider’s stock valued at $23,171,000 after acquiring an additional 296 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in shares of Booking by 90.5% during the 3rd 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 last quarter. Finally, Sigma Planning Corp lifted its stake in Booking by 14.4% in the 3rd quarter. Sigma Planning Corp now owns 135 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 17 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. JMP Securities upped their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eleven 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.5 %

Shares of NASDAQ:BKNG opened at $4,943.27 on Monday. Booking Holdings Inc. has a 12 month low of $2,998.52 and a 12 month high of $5,060.50. The stock has a market cap of $163.62 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.54 and a beta of 1.38. The company has a 50 day moving average of $4,240.54 and a 200 day moving average of $3,934.73.

Booking Dividend Announcement

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