Troy Asset Management Ltd raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,844 shares of the business services provider's stock after purchasing an additional 653 shares during the period. Booking accounts for 1.2% of Troy Asset Management Ltd's portfolio, making the stock its 22nd largest position. Troy Asset Management Ltd's holdings in Booking were worth $37,252,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Bleakley Financial Group LLC boosted its holdings in Booking by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider's stock valued at $3,153,000 after acquiring an additional 3 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,461,000 after purchasing an additional 3 shares during the period. CVA Family Office LLC increased its position in 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 purchasing an additional 3 shares in the last quarter. American National Bank raised its holdings in Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider's stock valued at $333,000 after buying an additional 3 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock valued at $380,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
In other news, insider Paulo Pisano sold 100 shares of the business'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 transaction, the insider now owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.
Shares of NASDAQ BKNG opened at $4,943.27 on Friday. The firm's 50-day moving average price is $4,240.54 and its two-hundred day moving average price is $3,931.94. Booking Holdings Inc. has a 52-week low of $2,998.52 and a 52-week high of $5,060.50. The stock has a market capitalization of $163.62 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.56 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. Booking's dividend payout ratio is currently 23.75%.
Several research firms have recently issued reports on BKNG. Bank of America increased their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Truist Financial raised their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research report on Thursday. Morgan Stanley upped their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Oppenheimer raised their target price on Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased 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 report on Friday, November 1st. Eleven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $4,749.83.
Check Out Our Latest Analysis on 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.
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