Empower Advisory Group LLC Has $20.98 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Empower Advisory Group LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,981 shares of the business services provider’s stock after selling 137 shares during the quarter. Empower Advisory Group LLC’s holdings in Booking were worth $20,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter worth about $25,000. Grove Bank & Trust boosted its position in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC acquired a new position in shares of Booking during the second quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the third quarter worth about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction 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 $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Down 0.7 %

Shares of NASDAQ BKNG opened at $4,987.44 on Thursday. The firm has a market cap of $165.08 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The business’s 50 day moving average is $4,287.85 and its 200-day moving average is $3,959.25.

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 paid a dividend of $8.75 per share. The ex-dividend date 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 (DPR) is presently 23.75%.

Analysts Set New Price Targets

Several research analysts recently commented on BKNG shares. DA Davidson increased their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. JMP Securities increased their price target on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

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.