Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Cornerstone Advisors LLC

21 Nov 2024, 09:30 by Scott Moore · The Cerbat Gem

Cornerstone Advisors LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 68.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,700 shares of the business services provider’s stock after purchasing an additional 1,100 shares during the period. Cornerstone Advisors LLC’s holdings in Booking were worth $11,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Booking in the 1st quarter worth approximately $537,000. BDF Gestion bought a new position in Booking during the 2nd quarter valued at $6,897,000. Gamco Investors INC. ET AL acquired a new position in shares of Booking in the 1st quarter worth approximately $519,000. Finally, Cumberland Partners Ltd raised its position in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BKNG shares. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their price target 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. Finally, Citigroup boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Get Our Latest Report on Booking

Insider Activity at Booking

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

Booking Stock Up 0.8 %

Shares of NASDAQ BKNG opened at $5,016.43 on Thursday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The firm’s 50-day simple moving average is $4,431.19 and its 200 day simple moving average is $4,019.06. The company has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

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 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 dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Booking Company Profile

(Free Report)

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.