King Luther Capital Management Corp Purchases 166 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

King Luther Capital Management Corp lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,726 shares of the business services provider’s stock after acquiring an additional 166 shares during the period. King Luther Capital Management Corp’s holdings in Booking were worth $19,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its position in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Booking in the first quarter valued at about $537,000. BDF Gestion purchased a new stake in shares of Booking in the 2nd quarter worth approximately $6,897,000. Gamco Investors INC. ET AL bought a new position in shares of Booking in the 1st quarter worth $519,000. Finally, Cumberland Partners Ltd raised its stake in shares of Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BKNG shares. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America upped their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Oppenheimer raised their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted 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 note on Friday, November 1st. Finally, Tigress Financial raised their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,785.00.

Booking Stock Up 3.6 %

BKNG opened at $5,199.31 on Friday. The business has a fifty day simple moving average of $4,457.76 and a 200-day simple moving average of $4,027.25. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,211.66. The firm has a market cap of $172.10 billion, a P/E ratio of 35.28, a P/E/G ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

The firm 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 dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is presently 23.75%.

Insiders Place Their Bets

In other Booking 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 transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.12% of the company’s stock.

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.