Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,474 shares of the business services provider’s stock after selling 4,695 shares during the quarter. Booking comprises approximately 0.7% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 28th largest position. Glenmede Trust Co. NA’s holdings in Booking were worth $136,784,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays raised their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Citigroup boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Truist Financial raised their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Stock Performance

NASDAQ:BKNG opened at $5,214.72 on Wednesday. The stock has a market capitalization of $172.61 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,237.00. The stock has a fifty day moving average price of $4,528.70 and a two-hundred day moving average price of $4,063.21.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 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.