Northwest & Ethical Investments L.P. Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Northwest & Ethical Investments L.P. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,798 shares of the business services provider’s stock after selling 600 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Booking were worth $11,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. Ninety One UK Ltd grew its position in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Booking by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 233,052 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Booking by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 209,927 shares of the business services provider’s stock valued at $884,238,000 after acquiring an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG traded up $8.43 during mid-day trading on Thursday, reaching $5,223.15. The company had a trading volume of 171,126 shares, compared to its average volume of 247,664. 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 price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The firm has a 50-day moving average price of $4,552.59 and a 200 day moving average price of $4,071.32.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday. Piper Sandler raised their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Tigress Financial boosted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Citigroup increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Evercore ISI lowered their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.