Deseret Mutual Benefit Administrators Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Deseret Mutual Benefit Administrators cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233 shares of the business services provider’s stock after selling 46 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Booking were worth $981,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its stake in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd lifted its position in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares during the period. International Assets Investment Management LLC acquired a new stake in Booking in the 3rd quarter worth about $5,322,600,000. Finally, Acadian Asset Management LLC boosted its stake in Booking by 15.1% in the 2nd quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock worth $420,865,000 after buying an additional 13,908 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BKNG shares. Truist Financial increased their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday. Evercore ISI decreased their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Citigroup increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

Booking Trading Up 1.8 %

Booking stock opened at $5,001.19 on Thursday. The stock has a 50 day moving average of $4,199.26 and a 200-day moving average of $3,914.68. The stock has a market cap of $165.54 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $2,963.75 and a 52 week high of $5,060.50.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued 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 Company Profile

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.