Empower Advisory Group LLC Has $20.98 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Empower Advisory Group LLC decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,981 shares of the business services provider’s stock after selling 137 shares during the quarter. Empower Advisory Group LLC’s holdings in Booking were worth $20,980,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter worth $25,000. Grove Bank & Trust boosted its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter worth $28,000. Kings Path Partners LLC acquired a new position in Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the third quarter worth $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Citigroup upped their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Price Performance

Shares of Booking stock opened at $4,987.44 on Thursday. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44. The business has a 50-day moving average of $4,287.85 and a two-hundred day moving average of $3,959.25. The company has a market capitalization of $165.08 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Booking 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.