Versor Investments LP Buys 116 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Versor Investments LP grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 55.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327 shares of the business services provider’s stock after purchasing an additional 116 shares during the quarter. Versor Investments LP’s holdings in Booking were worth $1,377,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the third quarter valued at approximately $25,000. Grove Bank & Trust increased its position in 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 buying an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new stake in Booking in the second quarter worth $28,000. Kings Path Partners LLC purchased a new stake in Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the third quarter worth $29,000. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $388,761.00. Following the completion of the sale, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Up 2.5 %

Shares of BKNG stock opened at $5,065.40 on Tuesday. The business has a 50-day moving average price of $4,240.54 and a two-hundred day moving average price of $3,937.66. Booking Holdings Inc. has a 12-month low of $3,076.54 and a 12-month high of $5,069.44. The firm has a market cap of $167.66 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Mizuho raised their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Susquehanna raised their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Piper Sandler lifted their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

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.