Mengis Capital Management Inc. Purchases New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Mengis Capital Management Inc. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, Holdings Channel reports. The institutional investor acquired 49 shares of the business services provider’s stock, valued at approximately $206,000.

A number of other large investors have also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new position in Booking during the third quarter worth $25,000. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% during the 2nd 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 purchased a new stake in Booking in the 2nd quarter worth about $28,000. Kings Path Partners LLC bought a new stake in Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking during the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

NASDAQ:BKNG opened at $4,987.44 on Thursday. The firm’s fifty day moving average is $4,287.85 and its two-hundred day moving average is $3,959.25. The firm has a market cap of $165.08 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 1.56 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BKNG. Morgan Stanley increased their price target on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI reduced their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

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.