Teachers Retirement System of The State of Kentucky Lowers Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Teachers Retirement System of The State of Kentucky cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,983 shares of the business services provider’s stock after selling 844 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Booking were worth $33,626,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust boosted its position in 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 buying an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking during the second quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking during the 3rd quarter valued at about $29,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKNG shares. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Tigress Financial upped their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. B. Riley increased their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,837.17.

Booking Stock Up 0.7 %

BKNG stock opened at $5,185.33 on Wednesday. The business’s 50-day moving average price is $4,724.27 and its 200-day moving average price is $4,155.78. The stock has a market cap of $171.63 billion, a P/E ratio of 35.19, a PEG ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.20.

Booking Announces Dividend

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 paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. Booking’s payout ratio 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.