B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, HoldingsChannel reports. The fund bought 11,465 shares of the business services provider’s stock, valued at approximately $48,290,000.

Several other large investors have also recently added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC boosted its stake in Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after acquiring an additional 3 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after acquiring an additional 3 shares in the last quarter. American National Bank boosted its stake in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after acquiring an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management boosted its stake in shares of Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Tigress Financial raised their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Evercore ISI decreased their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Oppenheimer raised their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Ten 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 stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Booking Price Performance

NASDAQ BKNG opened at $5,017.78 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44. The stock’s 50-day moving average is $4,384.57 and its two-hundred day moving average is $4,002.18. The firm has a market cap of $166.09 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently declared 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 is currently 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.