River Global Investors LLP Has $5.63 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

River Global Investors LLP trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,336 shares of the business services provider’s stock after selling 399 shares during the period. Booking accounts for 1.2% of River Global Investors LLP’s holdings, making the stock its 17th largest position. River Global Investors LLP’s holdings in Booking were worth $5,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after buying an additional 12,456 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after buying an additional 21,969 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after buying an additional 10,889 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Booking during the third quarter valued at approximately $5,322,600,000. Finally, Acadian Asset Management LLC raised its position in Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after purchasing an additional 13,908 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BKNG shares. Wells Fargo & Company boosted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Trading Up 0.5 %

BKNG stock traded up $22.40 during midday trading on Friday, hitting $4,943.27. The stock had a trading volume of 282,361 shares, compared to its average volume of 248,525. The business has a fifty day moving average price of $4,240.54 and a two-hundred day moving average price of $3,931.94. Booking Holdings Inc. has a 1-year low of $2,998.52 and a 1-year high of $5,060.50. The firm has a market cap of $163.62 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38.

Booking Dividend Announcement

The business 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 dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. Booking’s dividend payout ratio is currently 23.75%.

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.