Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,667 shares of the business services provider’s stock after selling 179 shares during the period. Pacer Advisors Inc.’s holdings in Booking were worth $23,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CVA Family Office LLC lifted its position in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 3 shares during the period. American National Bank lifted its position in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 3 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares in the last quarter. Jacobsen Capital Management increased its stake in shares of Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares in the last quarter. Finally, Optas LLC increased its stake in shares of Booking by 2.9% during the 2nd quarter. Optas LLC now owns 107 shares of the business services provider’s stock worth $424,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Booking Trading Down 0.6 %

NASDAQ:BKNG opened at $5,177.15 on Friday. The firm has a market capitalization of $171.36 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38. The firm’s fifty day simple moving average is $4,482.65 and its 200 day simple moving average is $4,038.22. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,216.00.

Booking Announces Dividend

The firm 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 of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.68%. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Bank of America raised their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley raised their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.