Baillie Gifford & Co. Has $22.89 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Baillie Gifford & Co. trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,434 shares of the business services provider’s stock after selling 90 shares during the period. Baillie Gifford & Co.’s holdings in Booking were worth $22,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking during the 3rd quarter valued at $25,000. Grove Bank & Trust raised its stake in 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 purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking during the second quarter worth about $28,000. Kings Path Partners LLC bought a new stake in Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the third quarter worth about $29,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BKNG. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. UBS Group lifted their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wedbush upped their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. 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 stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’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 transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Down 0.8 %

BKNG opened at $5,022.92 on Wednesday. Booking Holdings Inc. has a twelve month low of $3,076.54 and a twelve month high of $5,069.44. The company has a fifty day moving average of $4,263.66 and a 200-day moving average of $3,948.67. The stock has a market cap of $166.26 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 1.58 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. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. 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.