Mizuho Securities USA LLC Sells 441 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mizuho Securities USA LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,174 shares of the business services provider’s stock after selling 441 shares during the quarter. Mizuho Securities USA LLC’s holdings in Booking were worth $9,157,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BKNG. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of Booking during the first quarter valued at $537,000. BDF Gestion bought a new position in shares of Booking during the second quarter valued at $6,897,000. Gamco Investors INC. ET AL purchased a new stake in Booking during the first quarter valued at $519,000. Finally, Cumberland Partners Ltd increased its position in Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’s 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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.8 %

BKNG opened at $5,016.43 on Thursday. The firm has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The stock has a fifty day moving average price of $4,431.19 and a 200-day moving average price of $4,019.06.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of a number of research reports. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Susquehanna upped their price target 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. JPMorgan Chase & Co. reduced their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Evercore ISI reduced their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

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.