Holocene Advisors LP Has $198.70 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Holocene Advisors LP decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,174 shares of the business services provider’s stock after selling 7,345 shares during the quarter. Holocene Advisors LP owned approximately 0.14% of Booking worth $198,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC lifted its position in shares of Booking by 45.9% during the 1st quarter. Cetera Advisors LLC now owns 986 shares of the business services provider’s stock worth $3,577,000 after purchasing an additional 310 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of Booking by 24.6% during the second quarter. Transcend Capital Advisors LLC now owns 86 shares of the business services provider’s stock worth $340,000 after buying an additional 17 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Booking in the second quarter valued at approximately $32,000. Bank & Trust Co acquired a new stake in shares of Booking in the second quarter worth $59,000. Finally, Quent Capital LLC increased its position in Booking by 14.6% during the second quarter. Quent Capital LLC now owns 110 shares of the business services provider’s stock worth $436,000 after acquiring an additional 14 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research reports. Bank of America increased their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. The Goldman Sachs Group boosted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer lifted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Price Performance

Shares of BKNG stock opened at $5,201.98 on Monday. The stock has a market cap of $172.19 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The stock has a 50-day moving average of $4,599.47 and a 200-day moving average of $4,093.76. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,237.00.

Booking Announces Dividend

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

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.