Zurcher Kantonalbank Zurich Cantonalbank Has $90.02 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,371 shares of the business services provider’s stock after selling 544 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Booking worth $90,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking in the third quarter valued at about $5,322,600,000. 1832 Asset Management L.P. increased its position in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares during the period. AustralianSuper Pty Ltd raised its holdings in Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Booking during the 2nd quarter valued at about $125,615,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial upped their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Stock Performance

Shares of BKNG stock opened at $5,223.15 on Thursday. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,237.00. The company has a market capitalization of $172.89 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38. The company has a 50-day simple moving average of $4,552.59 and a 200 day simple moving average of $4,071.32.

Booking Announces Dividend

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