Cable Hill Partners LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Cable Hill Partners LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76 shares of the business services provider’s stock after selling 4 shares during the quarter. Cable Hill Partners LLC’s holdings in Booking were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nations Financial Group Inc. IA ADV grew its holdings in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Booking during the first quarter valued at about $537,000. BDF Gestion purchased a new position in Booking in the 2nd quarter worth approximately $6,897,000. Gamco Investors INC. ET AL bought a new stake in Booking during the 1st quarter valued at $519,000. Finally, Cumberland Partners Ltd increased its position in shares of Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.7 %

Shares of Booking stock opened at $4,987.44 on Thursday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44. The company’s 50 day moving average is $4,287.85 and its 200 day moving average is $3,959.25. The company has a market cap of $165.08 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued 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%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BKNG. Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. B. Riley lifted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

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.