CIBC Asset Management Inc Has $43.98 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

CIBC Asset Management Inc boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,440 shares of the business services provider’s stock after purchasing an additional 464 shares during the quarter. CIBC Asset Management Inc’s holdings in Booking were worth $43,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new stake in Booking during the third quarter worth about $25,000. Grove Bank & Trust boosted its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the third quarter valued at approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent analyst reports. BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Truist Financial lifted their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Wedbush increased their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten 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 has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Trading Down 0.3 %

NASDAQ:BKNG opened at $4,970.98 on Friday. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The firm has a fifty day simple moving average of $4,311.61 and a two-hundred day simple moving average of $3,966.44. The stock has a market capitalization of $164.54 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, 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 SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

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.