Hudson Value Partners LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Hudson Value Partners LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.0% in the third quarter, HoldingsChannel reports. The fund owned 333 shares of the business services provider’s stock after selling 33 shares during the quarter. Hudson Value Partners LLC’s holdings in Booking were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Csenge Advisory Group raised its stake in Booking by 4.7% during the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3 shares during the period. Duality Advisers LP purchased a new stake in Booking in the 1st quarter worth $359,000. Hilltop National Bank bought a new stake in Booking during the first quarter valued at about $381,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Booking in the first quarter valued at about $243,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Booking by 39.4% in the first quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after acquiring an additional 85 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock opened at $4,920.87 on Friday. The company has a market capitalization of $162.88 billion, a P/E ratio of 33.39, a P/E/G ratio of 1.49 and a beta of 1.38. The company’s 50-day simple moving average is $4,199.26 and its two-hundred day simple moving average is $3,914.68. Booking Holdings Inc. has a one year low of $2,998.52 and a one year high of $5,060.50.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid 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 0.71%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BKNG. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America raised their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

Insiders Place Their Bets

In related 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $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 is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

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.