Massachusetts Financial Services Co. MA Sells 10,003 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,181 shares of the business services provider’s stock after selling 10,003 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.28% of Booking worth $388,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. CreativeOne Wealth LLC bought a new position in Booking in the 1st quarter worth $537,000. Advisors Asset Management Inc. increased its stake in Booking by 23.8% during the 1st quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock valued at $1,886,000 after purchasing an additional 100 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Booking in the 1st quarter valued at approximately $519,000. Gabelli Funds LLC boosted its position in shares of Booking by 15.7% during the first quarter. Gabelli Funds LLC now owns 3,684 shares of the business services provider’s stock valued at $13,365,000 after buying an additional 500 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Booking in the first quarter worth approximately $54,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on BKNG. The Goldman Sachs Group upped their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. DA Davidson lifted their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Evercore ISI lowered their price target 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 shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, UBS Group upped their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten 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 company. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Performance

Shares of BKNG stock opened at $5,199.31 on Friday. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,211.66. The stock has a fifty day moving average price of $4,457.76 and a 200 day moving average price of $4,027.25. The stock has a market cap of $172.10 billion, a PE ratio of 35.28, a P/E/G ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

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.