KCM Investment Advisors LLC Acquires 28 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

KCM Investment Advisors LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 369 shares of the business services provider’s stock after buying an additional 28 shares during the quarter. KCM Investment Advisors LLC’s holdings in Booking were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BKNG. Empowered Funds LLC lifted its holdings in Booking by 7.2% in the third quarter. Empowered Funds LLC now owns 3,971 shares of the business services provider’s stock worth $16,726,000 after buying an additional 266 shares during the period. Empirical Finance LLC boosted its position in shares of Booking by 1.7% during the third quarter. Empirical Finance LLC now owns 1,270 shares of the business services provider’s stock valued at $5,349,000 after purchasing an additional 21 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Booking by 4.7% during the third quarter. CIBC Asset Management Inc now owns 10,440 shares of the business services provider’s stock valued at $43,975,000 after purchasing an additional 464 shares in the last quarter. Intellectus Partners LLC raised its holdings in Booking by 139.2% in the third quarter. Intellectus Partners LLC now owns 244 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 142 shares in the last quarter. Finally, Balboa Wealth Partners purchased a new position in Booking during the third quarter valued at $253,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BKNG shares. JPMorgan Chase & Co. reduced their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley increased 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. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

Check Out Our Latest Stock Report on Booking

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Booking Trading Up 0.1 %

BKNG opened at $4,975.19 on Friday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The firm has a 50 day moving average of $4,360.27 and a two-hundred day moving average of $3,983.56. The firm has a market capitalization of $164.68 billion, a PE ratio of 33.76, a P/E/G 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. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Booking 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.

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