11,465 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,465 shares of the business services provider’s stock, valued at approximately $48,290,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC grew its stake in Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the period. American National Bank lifted its holdings in Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 3 shares during the period. Finally, Jacobsen Capital Management lifted its holdings in Booking by 1.6% in the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’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 value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

Booking Trading Up 0.9 %

Shares of Booking stock opened at $5,017.78 on Tuesday. The business’s 50 day simple moving average is $4,384.57 and its 200-day simple moving average is $4,002.18. The stock has a market capitalization of $166.09 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44.

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 $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. JMP Securities raised their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. UBS Group raised their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Bank of America increased their price target on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” 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 stock. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target 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.