Moors & Cabot Inc. Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Moors & Cabot Inc. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 260 shares of the business services provider’s stock after selling 3 shares during the quarter. Moors & Cabot Inc.’s holdings in Booking were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Howe & Rusling Inc. lifted its position in shares of Booking by 4.5% during the third quarter. Howe & Rusling Inc. now owns 1,322 shares of the business services provider’s stock valued at $5,569,000 after purchasing an additional 57 shares in the last quarter. NS Partners Ltd increased its stake in Booking by 1.8% in the 3rd quarter. NS Partners Ltd now owns 5,471 shares of the business services provider’s stock valued at $23,045,000 after buying an additional 99 shares during the last quarter. Commerce Bank boosted its stake in shares of Booking by 2.0% in the 3rd quarter. Commerce Bank now owns 13,552 shares of the business services provider’s stock worth $57,083,000 after buying an additional 272 shares during the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Booking by 55.0% in the 3rd quarter. Strategy Asset Managers LLC now owns 358 shares of the business services provider’s stock worth $1,508,000 after buying an additional 127 shares during the last quarter. Finally, West Family Investments Inc. grew its holdings in shares of Booking by 44.6% in the third quarter. West Family Investments Inc. now owns 94 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 29 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $5,199.31 on Friday. The stock has a market capitalization of $172.10 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a fifty day moving average of $4,457.76 and a 200-day moving average of $4,027.25. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,211.66.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Oppenheimer lifted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Bank of America lifted their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

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.