Mutual of America Capital Management LLC Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)
Mutual of America Capital Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% in Q3, now holding 4,848 shares valued at $1,420,000. Other institutional investors have also adjusted their positions. Booking's stock opened at $2,975.19, with a 12-month range of $1,079.50 to $3,069.44. The company announced a quarterly dividend of $0.75, payable on December 31st. Analysts have varied ratings, with target prices ranging from $2,400.00 to $2,850.00, reflecting a consensus rating of "Moderate Buy."
Mutual of America Capital Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,848 shares of the business services provider's stock after selling 158 shares during the period. Mutual of America Capital Management LLC's holdings in Booking were worth $20,420,000 at the end of the most recent reporting period.
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Several other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in Booking by 10.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 255 shares of the business services provider's stock worth $926,000 after acquiring an additional 24 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of Booking by 43.8% in the first quarter. Banco Santander S.A. now owns 92 shares of the business services provider's stock valued at $334,000 after purchasing an additional 28 shares during the period. M&G Plc purchased a new stake in shares of Booking during the first quarter worth approximately $1,981,000. Catalytic Wealth RIA LLC lifted its holdings in shares of Booking by 25.3% during the first quarter. Catalytic Wealth RIA LLC now owns 193 shares of the business services provider's stock worth $700,000 after purchasing an additional 39 shares during the period. Finally, Trustmark National Bank Trust Department grew its position in Booking by 6.3% in the 1st quarter. Trustmark National Bank Trust Department now owns 187 shares of the business services provider's stock valued at $678,000 after buying an additional 11 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Booking Stock Up 0.1 %
Shares of BKNG opened at $4,975.19 on Friday. 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 price of $4,360.27 and a two-hundred day moving average price of $3,987.27. The stock has a market cap of $164.68 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38.
Booking Dividend Announcement
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio (DPR) is currently 23.75%.
Insider Activity
In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
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Several analysts have recently weighed in on BKNG shares. Bank of America lifted their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Finally, Mizuho upped their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $4,749.83.
Get Our Latest Research Report on Booking
About Booking
(Free Report)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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Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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