Martin Investment Management LLC Buys 36 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Martin Investment Management LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,857 shares of the business services provider’s stock after acquiring an additional 36 shares during the period. Booking accounts for about 2.9% of Martin Investment Management LLC’s investment portfolio, making the stock its 12th largest position. Martin Investment Management LLC’s holdings in Booking were worth $12,034,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Team Hewins LLC raised its position in shares of Booking by 1.7% during the 1st quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after purchasing an additional 3 shares during the period. Csenge Advisory Group lifted its position in shares of Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Booking by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock worth $3,153,000 after acquiring an additional 3 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after acquiring an additional 3 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on BKNG shares. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler lifted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush raised their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,708.45.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Booking Stock Up 0.6 %

Shares of BKNG opened at $4,776.46 on Tuesday. The stock’s 50-day moving average price is $4,156.53 and its 200-day moving average price is $3,896.46. The company has a market capitalization of $158.10 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $2,888.45 and a 52 week high of $4,856.60.

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 paid a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. Booking’s payout ratio is 23.75%.

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.