Martingale Asset Management L P Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Martingale Asset Management L P cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 52.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354 shares of the business services provider’s stock after selling 385 shares during the period. Martingale Asset Management L P’s holdings in Booking were worth $1,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC lifted its holdings in Booking by 45.9% during the 1st quarter. Cetera Advisors LLC now owns 986 shares of the business services provider’s stock worth $3,577,000 after buying an additional 310 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in Booking by 24.6% during the 2nd quarter. Transcend Capital Advisors LLC now owns 86 shares of the business services provider’s stock worth $340,000 after buying an additional 17 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Booking during the 2nd quarter worth about $32,000. Bank & Trust Co purchased a new stake in Booking during the 2nd quarter worth about $59,000. Finally, Quent Capital LLC lifted its holdings in Booking by 14.6% during the 2nd quarter. Quent Capital LLC now owns 110 shares of the business services provider’s stock worth $436,000 after buying an additional 14 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup lifted 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, November 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group boosted their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Trading Down 0.4 %

NASDAQ BKNG opened at $5,201.98 on Monday. The stock has a market capitalization of $172.19 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38. The business’s 50 day moving average is $4,599.47 and its two-hundred day moving average is $4,093.76. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,237.00.

Booking Dividend Announcement

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 issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 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.