Brown Brothers Harriman & Co. Sells 520 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Brown Brothers Harriman & Co. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,833 shares of the business services provider’s stock after selling 520 shares during the quarter. Booking accounts for about 2.4% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 16th largest position. Brown Brothers Harriman & Co. owned about 0.26% of Booking worth $357,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BKNG. Garner Asset Management Corp lifted its holdings in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares during the period. American National Bank increased its position in Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Booking by 3.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the period. Finally, Jacobsen Capital Management increased its position in shares of Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 of the company’s stock, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group raised their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Ten equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,785.00.

Booking Trading Down 0.6 %

NASDAQ:BKNG opened at $5,177.15 on Monday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,216.00. The stock has a market capitalization of $171.36 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.61 and a beta of 1.38. The stock has a 50-day moving average price of $4,482.65 and a 200 day moving average price of $4,043.93.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.68%. Booking’s dividend payout ratio is 23.75%.

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.