Cynosure Group LLC Sells 85 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cynosure Group LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 44.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 107 shares of the business services provider’s stock after selling 85 shares during the period. Cynosure Group LLC’s holdings in Booking were worth $451,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Townsquare Capital LLC grew its position in shares of Booking by 24.3% during the 3rd quarter. Townsquare Capital LLC now owns 4,618 shares of the business services provider’s stock valued at $19,453,000 after acquiring an additional 903 shares during the period. J. Stern & Co. LLP grew its holdings in Booking by 55.9% during the third quarter. J. Stern & Co. LLP now owns 722 shares of the business services provider’s stock valued at $3,041,000 after purchasing an additional 259 shares during the period. Avestar Capital LLC grew its holdings in Booking by 4.0% during the third quarter. Avestar Capital LLC now owns 208 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 8 shares during the period. D.A. Davidson & CO. increased its position in Booking by 13.0% in the third quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock worth $876,000 after buying an additional 24 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Booking by 43.4% in the third quarter. Private Trust Co. NA now owns 175 shares of the business services provider’s stock valued at $738,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $5,223.15 on Thursday. The company has a market capitalization of $172.89 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38. The business has a 50 day moving average of $4,552.59 and a 200 day moving average of $4,071.32. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued 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 dividend yield of 0.67%. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKNG. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Barclays boosted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. DA Davidson lifted their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird started coverage on Booking in a research report on Wednesday. They set an “outperform” rating and a $5,850.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,820.50.

Booking 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.