AIA Group Ltd Sells 168 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

AIA Group Ltd trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,068 shares of the business services provider’s stock after selling 168 shares during the period. AIA Group Ltd’s holdings in Booking were worth $8,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. Csenge Advisory Group grew its position in Booking by 4.7% during the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock worth $243,000 after buying an additional 3 shares in the last quarter. Duality Advisers LP purchased a new position in Booking during the first quarter worth about $359,000. Hilltop National Bank purchased a new position in Booking during the first quarter worth about $381,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Booking during the first quarter worth about $243,000. Finally, Oppenheimer & Co. Inc. grew its position in Booking by 39.4% during the first quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after buying an additional 85 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the 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 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial upped their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday. JPMorgan Chase & Co. cut their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company upped their price objective on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upped their price objective on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Twelve equities 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Price Performance

BKNG opened at $4,920.87 on Friday. The business has a 50 day simple moving average of $4,199.26 and a two-hundred day simple moving average of $3,914.68. The firm has a market capitalization of $162.88 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,998.52 and a one year high of $5,060.50.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, December 6th. 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.