Logan Capital Management Inc. Lowers Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Logan Capital Management Inc. cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the third quarter, HoldingsChannel.com reports. The firm owned 2,272 shares of the business services provider’s stock after selling 7 shares during the quarter. Logan Capital Management Inc.’s holdings in Booking were worth $9,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Icon Wealth Advisors LLC boosted its stake in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the period. International Assets Investment Management LLC bought a new position in Booking in the 3rd quarter worth approximately $5,322,600,000. Harvard Management Co. Inc. purchased a new stake in Booking during the 3rd quarter valued at approximately $155,427,000. 1832 Asset Management L.P. lifted its holdings in shares of Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after buying an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in shares of Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.2 %

Shares of Booking stock traded down $12.02 during trading on Friday, reaching $5,256.91. The company’s stock had a trading volume of 38,189 shares, compared to its average volume of 244,741. The company has a market cap of $174.00 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 2.14 and a beta of 1.41. The company has a 50-day simple moving average of $4,792.61 and a two-hundred day simple moving average of $4,181.06. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking Announces Dividend

The business 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 $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Ratings Changes

A number of analysts have issued reports on BKNG shares. Morgan Stanley lifted their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Mizuho boosted their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. UBS Group lifted their price objective 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, Barclays increased their target price on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,866.03.

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.