Prudent Man Advisors LLC Cuts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Prudent Man Advisors LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234 shares of the business services provider’s stock after selling 16 shares during the quarter. Prudent Man Advisors LLC’s holdings in Booking were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Booking during the 3rd quarter worth approximately $5,322,600,000. Bessemer Group Inc. increased its holdings in Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after acquiring an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd raised its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new position in Booking during the second quarter valued at $125,615,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.1 %

Shares of Booking stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,069.44. The company has a market capitalization of $164.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a 50 day moving average of $4,360.27 and a 200 day moving average of $3,991.30.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given 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 dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on 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 owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BKNG shares. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Jefferies Financial Group boosted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Benchmark restated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Ten investment 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 stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus 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.