Massachusetts Financial Services Co. MA Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Massachusetts Financial Services Co. MA lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,181 shares of the business services provider’s stock after selling 10,003 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Booking were worth $388,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Booking by 4.5% in the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after acquiring an additional 21,969 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking during the 3rd quarter valued at about $5,322,600,000. Acadian Asset Management LLC lifted its stake in Booking by 15.1% in the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after acquiring an additional 13,908 shares during the last quarter. Finally, Lone Pine Capital LLC lifted its stake in Booking by 0.8% in the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock valued at $416,659,000 after acquiring an additional 883 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction 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 directly owns 3,787 shares in the company, 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 SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Booking Stock Up 3.6 %

Shares of NASDAQ BKNG opened at $5,199.31 on Friday. The firm’s 50-day moving average price is $4,457.76 and its 200-day moving average price is $4,027.25. The company has a market cap of $172.10 billion, a PE ratio of 35.28, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,211.66.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking’s payout ratio is 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of several analyst reports. JMP Securities boosted their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. DA Davidson raised their target price 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. Oppenheimer boosted their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Tigress Financial raised their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

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.