Kornitzer Capital Management Inc. KS Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Kornitzer Capital Management Inc. KS lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,115 shares of the business services provider’s stock after acquiring an additional 179 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Booking were worth $21,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Csenge Advisory Group increased its holdings in shares of Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 3 shares during the period. Bleakley Financial Group LLC grew its position in Booking by 0.3% during the 1st quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock worth $3,153,000 after purchasing an additional 3 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after buying an additional 3 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Booking by 8.1% in the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after buying an additional 3 shares during the period. Finally, American National Bank boosted its stake in shares of Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock traded down $6.31 during trading hours on Thursday, hitting $4,994.88. The stock had a trading volume of 11,462 shares, compared to its average volume of 246,870. The stock’s 50 day moving average is $4,199.26 and its 200 day moving average is $3,914.68. The firm has a market capitalization of $165.33 billion, a PE ratio of 33.94, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $2,998.52 and a twelve month high of $5,060.50.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Wedbush boosted their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. UBS Group raised their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking 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.