Chevy Chase Trust Holdings LLC Has $76.43 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Chevy Chase Trust Holdings LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,145 shares of the business services provider’s stock after selling 553 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Booking worth $76,429,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust lifted its stake in shares of Booking by 133.3% during the second 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 in the second quarter valued at about $28,000. Kings Path Partners LLC acquired a new stake in Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter worth about $29,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.4 %

NASDAQ:BKNG opened at $5,201.98 on Monday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,237.00. The company has a market cap of $172.19 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The business has a 50 day moving average price of $4,599.47 and a two-hundred day moving average price of $4,093.76.

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. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Citigroup raised their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,820.50.

About Booking

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.