Prudent Man Advisors LLC Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Prudent Man Advisors LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% in the 3rd quarter, Holdings Channel reports. The firm owned 234 shares of the business services provider’s stock after selling 16 shares during the period. Prudent Man Advisors LLC’s holdings in Booking were worth $986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Booking during the third quarter worth approximately $5,322,600,000. Bessemer Group Inc. grew its position in shares of Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after acquiring an additional 36,710 shares during the period. AustralianSuper Pty Ltd raised its position in Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after purchasing an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in Booking during the 2nd quarter worth $125,615,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on BKNG shares. DA Davidson lifted their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,975.19 on Monday. The firm’s 50-day moving average is $4,360.27 and its two-hundred day moving average is $3,991.30. The company has a market capitalization of $164.68 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44.

Booking Dividend Announcement

The business also recently announced 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

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.