Oregon Public Employees Retirement Fund lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,850 shares of the business services provider’s stock after acquiring an additional 10 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Booking were worth $16,499,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BKNG. Fidelis Capital Partners LLC grew its position in Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after buying an additional 2 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after acquiring an additional 2 shares during the period. Gries Financial LLC grew its holdings in shares of Booking by 1.6% during the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after purchasing an additional 2 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 2 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its position in shares of Booking by 0.8% during the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Trading Down 0.5%
NASDAQ BKNG opened at $5,164.93 on Monday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a 50 day moving average of $5,492.50 and a 200-day moving average of $5,325.09. The firm has a market cap of $167.40 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.60 and a beta of 1.35.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is 26.71%.
Insider Activity at Booking
In related news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock valued at $23,467,630 over the last ninety days. 0.16% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on BKNG. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Bank of America increased their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Barclays raised their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Booking in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5,808.81.
Read Our Latest Stock Analysis on BKNG
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.
Recommended Stories
- Five stocks we like better than Booking
- What Are Growth Stocks and Investing in Them
- 3 Copper Stocks Ready to Shine in the Next Metal Supercycle
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- What is the Nasdaq? Complete Overview with History
- Could Target’s Week of Discounts Come Full Circle for Investors?
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.