Soros Fund Management LLC Sells 10,223 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Soros Fund Management LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 62.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,114 shares of the business services provider’s stock after selling 10,223 shares during the quarter. Soros Fund Management LLC’s holdings in Booking were worth $25,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BKNG. Janus Henderson Group PLC lifted its holdings in shares of Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares during the last quarter. Ninety One UK Ltd raised its position in Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.9 %

Shares of BKNG opened at $5,287.94 on Friday. The firm’s 50-day moving average price is $4,684.48 and its 200-day moving average price is $4,130.83. The firm has a market capitalization of $175.03 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.62 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,127.31 and a 1-year high of $5,330.00.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 0.66%. Booking’s dividend payout ratio is presently 23.75%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Tigress Financial raised their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price 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.