Cable Hill Partners LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Cable Hill Partners LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 76 shares of the business services provider’s stock after selling 4 shares during the quarter. Cable Hill Partners LLC’s holdings in Booking were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mizuho Securities Co. Ltd. grew its stake in shares of Booking by 300.0% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 16 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 12 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Booking by 3.2% in the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock worth $405,000 after purchasing an additional 3 shares during the period. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Booking by 17.5% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 437 shares of the business services provider’s stock worth $1,841,000 after purchasing an additional 65 shares in the last quarter. Parthenon LLC raised its position in shares of Booking by 0.3% during the 3rd quarter. Parthenon LLC now owns 3,509 shares of the business services provider’s stock valued at $14,780,000 after purchasing an additional 11 shares during the period. Finally, Angeles Investment Advisors LLC purchased a new position in shares of Booking during the 3rd quarter valued at $206,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Susquehanna increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush lifted their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,749.83.

Booking Stock Performance

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

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.