Cornerstone Advisors LLC Acquires 1,100 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cornerstone Advisors LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 68.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the business services provider’s stock after buying an additional 1,100 shares during the period. Cornerstone Advisors LLC’s holdings in Booking were worth $11,373,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking during the 3rd quarter valued at $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter valued at about $28,000. Kings Path Partners LLC bought a new position in Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the 3rd quarter worth about $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 0.8 %

BKNG stock opened at $5,016.43 on Thursday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44. The company has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 1.55 and a beta of 1.38. The business has a 50 day moving average price of $4,431.19 and a two-hundred day moving average price of $4,019.06.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s payout ratio is 23.75%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of analyst reports. Piper Sandler increased their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. B. Riley increased their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wedbush boosted their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Bank of America lifted their target price on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

Booking 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.