Blueshift Asset Management LLC Has $2.71 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Blueshift Asset Management LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 644 shares of the business services provider’s stock after selling 104 shares during the quarter. Booking accounts for approximately 0.7% of Blueshift Asset Management LLC’s holdings, making the stock its 25th biggest position. Blueshift Asset Management LLC’s holdings in Booking were worth $2,713,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter worth approximately $25,000. Grove Bank & Trust boosted its stake 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 valued at $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC acquired a new position in shares of Booking in the second quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the third quarter valued at $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG opened at $5,214.72 on Wednesday. The business’s 50 day simple moving average is $4,528.70 and its 200-day simple moving average is $4,063.21. The company has a market capitalization of $172.61 billion, a P/E ratio of 35.39, a PEG ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,237.00.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America boosted their price target on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JMP Securities upped their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. 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 report on Monday, November 18th. Evercore ISI decreased their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Company 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.