MAI Capital Management Acquires 1,734 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MAI Capital Management grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,977 shares of the business services provider’s stock after acquiring an additional 1,734 shares during the period. MAI Capital Management’s holdings in Booking were worth $54,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust raised its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter valued at $28,000. Kings Path Partners LLC acquired a new stake in Booking in the second quarter valued at $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the 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 completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BKNG. Wells Fargo & Company raised their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. 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. Finally, Citigroup upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Stock Up 0.1 %

Shares of BKNG stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44. The stock’s fifty day simple moving average is $4,360.27 and its 200 day simple moving average is $3,991.30. The firm has a market capitalization of $164.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.