Ontario Teachers Pension Plan Board Sells 347 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ontario Teachers Pension Plan Board reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 44.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 426 shares of the business services provider’s stock after selling 347 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Booking were worth $1,794,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter worth about $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking in the second quarter worth about $28,000. Kings Path Partners LLC bought a new stake in Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the third quarter worth about $29,000. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BKNG. Royal Bank of Canada lifted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. B. Riley lifted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Performance

Shares of BKNG opened at $4,976.99 on Wednesday. The firm has a market cap of $164.74 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44. The firm has a 50 day moving average price of $4,407.41 and a 200-day moving average price of $4,012.03.

Booking Announces Dividend

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

Insider Transactions at Booking

In other 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 value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.