Platform Technology Partners Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Platform Technology Partners trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 129 shares of the business services provider’s stock after selling 8 shares during the period. Platform Technology Partners’ holdings in Booking were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after acquiring an additional 21,969 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking during the third quarter valued at about $5,322,600,000. Finally, Acadian Asset Management LLC raised its position in shares of Booking by 15.1% in the 2nd quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after purchasing an additional 13,908 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 2.5 %

Shares of BKNG opened at $5,065.40 on Tuesday. The firm’s fifty day moving average is $4,263.66 and its two-hundred day moving average is $3,948.67. The stock has a market cap of $167.65 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $3,076.54 and a 52-week high of $5,069.44.

Booking Announces Dividend

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 paid 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 yield of 0.69%. Booking’s dividend payout ratio is presently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. Morgan Stanley boosted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho increased their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Citigroup upped their price target 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. Finally, Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

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.