Caprock Group LLC Sells 40 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Caprock Group LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,644 shares of the business services provider’s stock after selling 40 shares during the period. Caprock Group LLC’s holdings in Booking were worth $6,928,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the third quarter worth $25,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Booking during the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking in the third quarter worth approximately $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking 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 completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKNG. Tigress Financial upped their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on 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, Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Ten 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. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Up 0.9 %

BKNG stock opened at $5,017.78 on Tuesday. The firm’s fifty day simple moving average is $4,384.57 and its two-hundred day simple moving average is $4,002.18. The stock has a market capitalization of $166.09 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44.

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

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.