51 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Adero Partners LLC

Adero Partners LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51 shares of the business services provider’s stock, valued at approximately $214,000.

A number of other large investors have also recently modified their holdings of BKNG. Trustmark National Bank Trust Department boosted its holdings in shares of Booking by 6.3% in the 1st quarter. Trustmark National Bank Trust Department now owns 187 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 11 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Booking in the 1st quarter valued at $108,836,000. Bessemer Group Inc. lifted its stake in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after acquiring an additional 61,268 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Booking by 30.4% in the 1st quarter. Lake Street Advisors Group LLC now owns 292 shares of the business services provider’s stock valued at $1,059,000 after acquiring an additional 68 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Booking by 1.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,149 shares of the business services provider’s stock valued at $327,161,000 after acquiring an additional 958 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BKNG shares. DA Davidson increased their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. JMP Securities increased their price target on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Ten equities 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Price Performance

Shares of BKNG opened at $4,975.19 on Monday. The stock has a 50-day moving average of $4,360.27 and a 200-day moving average of $3,991.30. The company has a market cap of $164.68 billion, a PE ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.70%. Booking’s dividend payout ratio is presently 23.75%.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of Booking 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

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.