Cornercap Investment Counsel Inc. Has $1.82 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Cornercap Investment Counsel Inc. reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 56.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 433 shares of the business services provider’s stock after selling 552 shares during the period. Booking makes up approximately 0.5% of Cornercap Investment Counsel Inc.’s holdings, making the stock its 21st biggest holding. Cornercap Investment Counsel Inc.’s holdings in Booking were worth $1,824,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust boosted its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC acquired a new stake in shares of Booking during the second quarter worth $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Booking during the third quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Down 0.3 %

NASDAQ BKNG opened at $4,970.98 on Friday. The firm has a market capitalization of $164.54 billion, a P/E ratio of 33.73, a PEG ratio of 1.55 and a beta of 1.38. The business has a fifty day simple moving average of $4,311.61 and a 200 day simple moving average of $3,966.44. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. 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 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI reduced their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Bank of America upped their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, JMP Securities upped their target price on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

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.