Teachers Retirement System of The State of Kentucky reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,983 shares of the business services provider's stock after selling 844 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Booking were worth $33,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its stake in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the 3rd quarter valued at $29,000. 92.42% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on BKNG. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. UBS Group boosted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Baird R W upgraded Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $4,837.17.
Read Our Latest Analysis on Booking
NASDAQ:BKNG opened at $5,185.33 on Wednesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.20. The business has a fifty day simple moving average of $4,724.27 and a two-hundred day simple moving average of $4,155.78. The company has a market capitalization of $171.63 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.14 and a beta of 1.41.
The business 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 $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking's payout ratio is currently 23.75%.
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.
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