Public Employees Retirement System of Ohio Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Public Employees Retirement System of Ohio lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,993 shares of the business services provider’s stock after selling 1,498 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Booking worth $101,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV grew its stake 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 worth $3,921,000 after purchasing an additional 334 shares during the period. Cumberland Partners Ltd lifted its holdings in Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings 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 purchasing an additional 233,052 shares in the last quarter. Infusive Asset Management Inc. lifted its holdings in Booking by 75.9% in the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock valued at $5,038,000 after purchasing an additional 516 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in shares of Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after acquiring an additional 15,002 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $5,300.34 on Monday. The firm has a market capitalization of $175.44 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,177.16 and a fifty-two week high of $5,337.20. The stock’s fifty day moving average is $4,705.52 and its two-hundred day moving average is $4,145.94.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.66%. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Morgan Stanley lifted their target price on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,837.17.

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.