Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by LRI Investments LLC

LRI Investments LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68 shares of the business services provider’s stock after selling 13 shares during the period. LRI Investments LLC’s holdings in Booking were worth $286,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on BKNG. Jefferies Financial Group upped their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird initiated coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, UBS Group upped their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4,837.17.

Booking Trading Down 2.8 %

BKNG stock opened at $5,149.60 on Tuesday. The company has a market cap of $170.45 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.20. The firm has a 50-day moving average of $4,724.27 and a two-hundred day moving average of $4,155.78.

Booking Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.68%. Booking’s dividend payout ratio is currently 23.75%.

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.