Mizuho Securities USA LLC Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mizuho Securities USA LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,174 shares of the business services provider’s stock after selling 441 shares during the quarter. Mizuho Securities USA LLC’s holdings in Booking were worth $9,157,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. DE Burlo Group Inc. grew its stake in Booking by 17.4% during the 3rd quarter. DE Burlo Group Inc. now owns 1,350 shares of the business services provider’s stock valued at $5,686,000 after purchasing an additional 200 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Booking by 4.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,315 shares of the business services provider’s stock valued at $5,539,000 after purchasing an additional 60 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Booking in the third quarter worth about $2,338,000. King Luther Capital Management Corp boosted its stake in shares of Booking by 3.6% in the third quarter. King Luther Capital Management Corp now owns 4,726 shares of the business services provider’s stock worth $19,906,000 after buying an additional 166 shares during the last quarter. Finally, Cornerstone Advisors LLC boosted its stake in shares of Booking by 68.8% in the third quarter. Cornerstone Advisors LLC now owns 2,700 shares of the business services provider’s stock worth $11,373,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BKNG. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Wedbush upped their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Tigress Financial upped their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, Susquehanna upped their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4,785.00.

Booking Stock Performance

Shares of Booking stock opened at $5,016.43 on Thursday. The firm has a market capitalization 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 fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44. The stock has a 50 day moving average of $4,431.19 and a 200 day moving average of $4,019.06.

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 given a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. 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.