Penserra Capital Management LLC Reduces Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Penserra Capital Management LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 23.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,145 shares of the business services provider’s stock after selling 356 shares during the quarter. Penserra Capital Management LLC’s holdings in Booking were worth $4,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in shares of Booking by 23.8% in the 1st quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock worth $1,886,000 after acquiring an additional 100 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Booking in the first quarter worth about $519,000. SVB Wealth LLC boosted its position in shares of Booking by 3.7% during the first quarter. SVB Wealth LLC now owns 613 shares of the business services provider’s stock valued at $2,225,000 after buying an additional 22 shares during the period. Ascent Group LLC boosted its position in shares of Booking by 4.2% during the first quarter. Ascent Group LLC now owns 125 shares of the business services provider’s stock valued at $453,000 after buying an additional 5 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in shares of Booking during the first quarter valued at approximately $737,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. DA Davidson raised their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Jefferies Financial Group raised their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Down 0.6 %

Shares of BKNG opened at $5,177.15 on Monday. The company has a 50 day moving average of $4,482.65 and a two-hundred day moving average of $4,043.93. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,216.00. The company has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38.

Booking Dividend Announcement

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 paid 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 yield of 0.68%. Booking’s dividend payout ratio (DPR) is 23.75%.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.