241 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Kennebec Savings Bank

Kennebec Savings Bank acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 241 shares of the business services provider’s stock, valued at approximately $1,015,000. Booking makes up about 1.0% of Kennebec Savings Bank’s portfolio, making the stock its 28th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in shares of Booking by 133.3% in 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 acquired a new position in Booking in the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in Booking during the second quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the third quarter worth approximately $29,000. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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.

Booking Price Performance

BKNG opened at $4,943.27 on Monday. Booking Holdings Inc. has a fifty-two week low of $2,998.52 and a fifty-two week high of $5,060.50. The company has a market cap of $163.62 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. The firm has a 50 day simple moving average of $4,240.54 and a 200 day simple moving average of $3,934.73.

Booking Announces Dividend

The business also recently announced 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 0.71%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler increased their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. B. Riley lifted their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Evercore ISI lowered their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

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.