Overbrook Management Corp Sells 468 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Overbrook Management Corp reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,286 shares of the business services provider’s stock after selling 468 shares during the quarter. Booking makes up about 2.2% of Overbrook Management Corp’s portfolio, making the stock its 20th biggest holding. Overbrook Management Corp’s holdings in Booking were worth $9,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in shares of Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Booking Price Performance

Shares of Booking stock opened at $5,016.43 on Thursday. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44. The stock’s 50-day moving average is $4,431.19 and its 200 day moving average is $4,019.06. The firm has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.55 and a beta of 1.38.

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 given 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 0.70%. Booking’s payout ratio is 23.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BKNG shares. UBS Group boosted their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Susquehanna lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, B. Riley lifted their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. 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. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

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.