Holocene Advisors LP Has $198.70 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Holocene Advisors LP reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,174 shares of the business services provider’s stock after selling 7,345 shares during the quarter. Holocene Advisors LP’s holdings in Booking were worth $198,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BKNG. Ascent Group LLC lifted its position in Booking by 5.2% in the 3rd quarter. Ascent Group LLC now owns 161 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 8 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Booking by 43.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 428 shares of the business services provider’s stock valued at $1,808,000 after purchasing an additional 130 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Booking in the third quarter valued at about $59,000. Erste Asset Management GmbH acquired a new position in shares of Booking during the third quarter worth about $46,667,000. Finally, True Wealth Design LLC grew its holdings in shares of Booking by 1,300.0% during the third quarter. True Wealth Design LLC now owns 14 shares of the business services provider’s stock worth $59,000 after buying an additional 13 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $5,201.98 on Monday. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00. The stock’s fifty day moving average price is $4,599.47 and its two-hundred day moving average price is $4,093.76. The company has a market cap of $172.19 billion, a PE ratio of 35.30, a P/E/G ratio of 1.62 and a beta of 1.38.

Booking Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BKNG shares. Mizuho lifted their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer boosted their price target 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. Truist Financial raised their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Wedbush raised their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.