Los Angeles Capital Management LLC Sells 49,233 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Los Angeles Capital Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 76.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,517 shares of the business services provider’s stock after selling 49,233 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Booking were worth $65,359,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth $25,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking in the second quarter worth $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Booking in the third quarter worth $29,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. JMP Securities raised their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. B. Riley raised their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays lifted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley lifted their price target on shares of 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, Piper Sandler lifted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the business’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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG traded up $22.40 on Friday, hitting $4,943.27. 282,361 shares of the stock were exchanged, compared to its average volume of 248,525. The stock has a market capitalization of $163.62 billion, a price-to-earnings ratio of 33.54, a P/E/G 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. The company’s 50-day moving average price is $4,240.54 and its 200 day moving average price is $3,934.73.

Booking Announces Dividend

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