Linscomb Wealth Inc. Has $4.69 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Linscomb Wealth Inc. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,114 shares of the business services provider’s stock after selling 41 shares during the quarter. Linscomb Wealth Inc.’s holdings in Booking were worth $4,694,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Booking during the third quarter worth $5,322,600,000. Bessemer Group Inc. grew its holdings in Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares during the period. 1832 Asset Management L.P. raised its stake in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of Booking during the 2nd quarter worth approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of Booking stock traded down $18.54 on Friday, reaching $4,952.44. 39,262 shares of the company’s stock were exchanged, compared to its average volume of 247,285. The company has a market capitalization of $163.93 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44. The firm’s 50-day moving average is $4,335.39 and its two-hundred day moving average is $3,973.41.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities boosted their target price on shares of 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. Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Ten equities research 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 stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

About Booking

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.