W.G. Shaheen & Associates DBA Whitney & Co Acquires 17 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,312 shares of the business services provider’s stock after purchasing an additional 17 shares during the period. Booking comprises approximately 1.5% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 26th biggest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Booking were worth $13,951,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BKNG. Janus Henderson Group PLC raised its stake in 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 acquiring an additional 21,969 shares during the period. Ninety One UK Ltd grew its holdings in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Booking in the third quarter valued at $5,322,600,000. Acadian Asset Management LLC grew its holdings in shares of Booking by 15.1% in the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after purchasing an additional 13,908 shares in the last quarter. Finally, Lone Pine Capital LLC grew its holdings in shares of Booking by 0.8% in the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock valued at $416,659,000 after purchasing an additional 883 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BKNG shares. Citigroup lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets raised their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Bank of America upped their price target on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,785.00.

Booking Trading Up 0.9 %

Shares of BKNG stock opened at $5,017.78 on Tuesday. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The company has a market capitalization of $166.09 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.55 and a beta of 1.38. The stock’s fifty day simple moving average is $4,384.57 and its 200-day simple moving average is $4,002.18.

Booking Announces Dividend

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 issued 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 23.75%.

About 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.