Intelligence Driven Advisers LLC Purchases 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Intelligence Driven Advisers LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 164 shares of the business services provider’s stock after purchasing an additional 5 shares during the period. Intelligence Driven Advisers LLC’s holdings in Booking were worth $691,000 as of its most recent SEC filing.

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

Booking Trading Down 0.4 %

BKNG stock traded down $18.00 during midday trading on Thursday, hitting $4,969.44. The company’s stock had a trading volume of 6,128 shares, compared to its average volume of 247,159. The company has a market cap of $164.49 billion, a PE ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The firm’s 50-day moving average is $4,311.61 and its 200-day moving average is $3,966.44. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44.

Booking Announces Dividend

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

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the firm’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 sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on BKNG. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Evercore ISI dropped their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Finally, Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Ten 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

Booking 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.