Prime Capital Investment Advisors LLC Has $3.32 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Prime Capital Investment Advisors LLC lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 789 shares of the business services provider’s stock after selling 141 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Booking were worth $3,324,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the 3rd quarter valued at 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 acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in Booking during the 2nd quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’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 in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Booking Stock Down 0.7 %

Shares of BKNG stock opened at $4,987.44 on Thursday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The company has a 50 day moving average of $4,287.85 and a 200-day moving average of $3,959.25. The firm has a market cap of $165.08 billion, a P/E ratio of 33.84, a PEG ratio of 1.56 and a beta of 1.38.

Booking Dividend Announcement

The company 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 dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s dividend payout ratio is presently 23.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BKNG shares. Mizuho increased their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a 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 research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten 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. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Company 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.