Mizuho Securities USA LLC Purchases 12,155 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mizuho Securities USA LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 464.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,770 shares of the business services provider’s stock after buying an additional 12,155 shares during the quarter. Mizuho Securities USA LLC’s holdings in Booking were worth $62,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. 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 worth $1,865,949,000 after purchasing an additional 21,969 shares during the period. Ninety One UK Ltd grew its holdings in shares of Booking by 3.1% in 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 purchasing an additional 10,889 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Booking in the third quarter worth about $5,322,600,000. Acadian Asset Management LLC increased 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 period. Finally, Lone Pine Capital LLC lifted its holdings in Booking by 0.8% during the 2nd quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock valued at $416,659,000 after buying an additional 883 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research analyst reports. Oppenheimer upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Mizuho boosted their price target on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler raised their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were 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 of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

Booking Trading Up 0.1 %

Shares of BKNG stock opened at $4,975.19 on Friday. The company has a market capitalization of $164.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The business’s 50 day moving average is $4,360.27 and its two-hundred day moving average is $3,983.56.

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 paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

About Booking

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.