Bridges Investment Management Inc. Has $2.13 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Bridges Investment Management Inc. cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505 shares of the business services provider’s stock after selling 4 shares during the period. Bridges Investment Management Inc.’s holdings in Booking were worth $2,127,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BKNG. International Assets Investment Management LLC acquired a new position in Booking during the 3rd quarter worth about $5,322,600,000. Bessemer Group Inc. lifted its position in shares of Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking in the second quarter valued at approximately $125,615,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BKNG. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday. Piper Sandler raised their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Bank of America boosted their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Eleven research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,943.27 on Friday. The company has a 50-day simple moving average of $4,240.54 and a 200 day simple moving average of $3,931.94. The company has a market capitalization 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 Holdings Inc. has a 52-week low of $2,998.52 and a 52-week high of $5,060.50.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s payout ratio is 23.75%.

Insider Transactions at Booking

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

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.