Balentine LLC Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Balentine LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 183 shares of the business services provider’s stock, valued at approximately $771,000.

Other large investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking during the third quarter worth $25,000. Grove Bank & Trust increased its position in shares of 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 buying an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Booking during the 2nd quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter valued at about $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on BKNG shares. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Twelve analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,729.14.

Booking Trading Up 2.9 %

NASDAQ BKNG opened at $4,914.98 on Wednesday. The stock has a market cap of $162.69 billion, a P/E ratio of 33.35, a PEG ratio of 1.49 and a beta of 1.38. The company’s fifty day simple moving average is $4,177.20 and its 200-day simple moving average is $3,907.03. Booking Holdings Inc. has a 52 week low of $2,888.45 and a 52 week high of $4,916.01.

Booking Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.71%. Booking’s payout ratio is currently 23.75%.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the business’s 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Booking Company 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.