Swedbank AB Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Swedbank AB cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,425 shares of the business services provider’s stock after selling 46 shares during the quarter. Swedbank AB’s holdings in Booking were worth $107,093,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in Booking by 23.8% in the first quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock valued at $1,886,000 after acquiring an additional 100 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Booking in the 1st quarter worth $519,000. SVB Wealth LLC grew its stake in Booking by 3.7% during the 1st quarter. SVB Wealth LLC now owns 613 shares of the business services provider’s stock worth $2,225,000 after buying an additional 22 shares during the last quarter. Ascent Group LLC increased its position in Booking by 4.2% during the 1st quarter. Ascent Group LLC now owns 125 shares of the business services provider’s stock valued at $453,000 after buying an additional 5 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in Booking in the first quarter valued at about $737,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BKNG shares. Mizuho boosted their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Evercore ISI cut their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Tigress Financial boosted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $4,785.00.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated 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 sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by company insiders.

Booking Trading Down 0.6 %

Shares of BKNG opened at $5,177.15 on Monday. The firm has a market cap of $171.36 billion, a P/E ratio of 35.13, a PEG ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,216.00. The stock’s 50 day moving average is $4,482.65 and its two-hundred day moving average is $4,043.93.

Booking Dividend Announcement

The business 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 $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. 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.