Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,667 shares of the business services provider’s stock after selling 179 shares during the period. Pacer Advisors Inc.’s holdings in Booking were worth $23,870,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking during the second quarter worth $28,000. Kings Path Partners LLC acquired a new position in Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the third quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $5,177.15 on Friday. The stock’s 50-day moving average is $4,482.65 and its two-hundred day moving average is $4,038.22. The firm has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,216.00.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. Booking’s payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Susquehanna upped their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Oppenheimer upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial upped their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,785.00.

Insider Activity at Booking

In related 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 value 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. This trade represents a 2.57 % decrease in their ownership of the stock. The sale 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 insiders.

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.