Booking Holdings Inc. (NASDAQ:BKNG) Holdings Lessened by Fernbridge Capital Management LP

Fernbridge Capital Management LP reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 32.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,560 shares of the business services provider’s stock after selling 6,508 shares during the period. Booking comprises 3.5% of Fernbridge Capital Management LP’s portfolio, making the stock its 8th largest holding. Fernbridge Capital Management LP’s holdings in Booking were worth $57,116,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter worth $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $5,214.72 on Wednesday. The firm has a market capitalization of $172.61 billion, a P/E ratio of 35.39, a PEG ratio of 1.59 and a beta of 1.38. The stock has a 50-day simple moving average of $4,528.70 and a two-hundred day simple moving average of $4,063.21. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI decreased their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Bank of America lifted their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Barclays increased their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Susquehanna raised their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,820.50.

About Booking

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.