49 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Mengis Capital Management Inc.

Mengis Capital Management Inc. bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 49 shares of the business services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter worth $25,000. Grove Bank & Trust boosted its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in Booking in the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.7 %

Shares of BKNG stock opened at $4,987.44 on Thursday. The firm has a market capitalization of $165.08 billion, a PE ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The company has a 50 day moving average price of $4,287.85 and a 200-day moving average price of $3,959.25. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend 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 is presently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent analyst reports. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. DA Davidson raised their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. BMO Capital Markets boosted their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. 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 has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, 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 filing with the SEC, which is available at the SEC website. Company 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.