Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by EULAV Asset Management

EULAV Asset Management lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 24.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,752 shares of the business services provider’s stock after selling 900 shares during the period. EULAV Asset Management’s holdings in Booking were worth $11,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Howe & Rusling Inc. increased its position in Booking by 4.5% during the 3rd quarter. Howe & Rusling Inc. now owns 1,322 shares of the business services provider’s stock worth $5,569,000 after purchasing an additional 57 shares during the period. NS Partners Ltd boosted its stake in shares of Booking by 1.8% during the 3rd quarter. NS Partners Ltd now owns 5,471 shares of the business services provider’s stock worth $23,045,000 after acquiring an additional 99 shares in the last quarter. Commerce Bank boosted its stake in shares of Booking by 2.0% during the 3rd quarter. Commerce Bank now owns 13,552 shares of the business services provider’s stock worth $57,083,000 after acquiring an additional 272 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Booking by 55.0% during the 3rd quarter. Strategy Asset Managers LLC now owns 358 shares of the business services provider’s stock worth $1,508,000 after acquiring an additional 127 shares in the last quarter. Finally, West Family Investments Inc. boosted its stake in shares of Booking by 44.6% during the 3rd quarter. West Family Investments Inc. now owns 94 shares of the business services provider’s stock worth $396,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 0.8 %

BKNG stock opened at $4,976.99 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44. The company has a market cap of $164.74 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.55 and a beta of 1.38. The business has a fifty day simple moving average of $4,407.41 and a 200-day simple moving average of $4,012.03.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BKNG shares. Benchmark reissued a “buy” rating and set a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Citigroup boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Mizuho boosted their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,785.00.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

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.