Chevy Chase Trust Holdings LLC Has $76.43 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Chevy Chase Trust Holdings LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,145 shares of the business services provider’s stock after selling 553 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Booking were worth $76,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKNG. Garner Asset Management Corp lifted its stake in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after acquiring an additional 3 shares during the period. American National Bank increased its holdings in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after acquiring an additional 3 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares during the last quarter. Finally, Jacobsen Capital Management boosted its position in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $5,201.98 on Monday. The company’s 50 day moving average price is $4,599.47 and its two-hundred day moving average price is $4,093.76. The firm has a market capitalization of $172.19 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets upped 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. Wedbush lifted their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Tigress Financial upped their price objective 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. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.