Parthenon LLC Buys 11 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Parthenon LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,509 shares of the business services provider’s stock after acquiring an additional 11 shares during the period. Booking accounts for about 1.8% of Parthenon LLC’s investment portfolio, making the stock its 17th biggest holding. Parthenon LLC’s holdings in Booking were worth $14,780,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of BKNG. Sheaff Brock Investment Advisors LLC grew its holdings in Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after acquiring an additional 3 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares during the last quarter. American National Bank boosted its position in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares during the last quarter. Finally, Jacobsen Capital Management raised its holdings in Booking by 1.6% in the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’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 completion of the sale, the insider now 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 Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Booking Price Performance

BKNG stock traded down $12.92 during mid-day trading on Wednesday, reaching $5,010.00. 32,163 shares of the company’s stock were exchanged, compared to its average volume of 247,495. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The stock’s 50 day moving average is $4,287.85 and its 200 day moving average is $3,959.25. The company has a market cap of $165.83 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of analyst reports. Susquehanna increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities lifted their target price 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. Finally, Mizuho upped their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.