Harvest Portfolios Group Inc. Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Harvest Portfolios Group Inc. lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,749 shares of the business services provider’s stock after selling 223 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Booking were worth $11,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Booking in the third quarter valued at approximately $5,322,600,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKNG. Jefferies Financial Group boosted their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Piper Sandler boosted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup increased their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,729.14.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Booking Price Performance

NASDAQ BKNG opened at $4,914.98 on Wednesday. The company has a fifty day moving average of $4,177.20 and a two-hundred day moving average of $3,907.03. The company has a market capitalization of $162.69 billion, a PE ratio of 33.35, a P/E/G ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $2,888.45 and a 1 year high of $4,916.01.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid 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 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.