Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 386 shares of the business services provider’s stock after selling 11 shares during the quarter. Ballentine Partners LLC’s holdings in Booking were worth $1,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new position in Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust grew its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking during the 2nd quarter valued at $28,000. Kings Path Partners LLC acquired a new position in Booking in the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.2 %

NASDAQ BKNG opened at $4,347.82 on Friday. The company has a 50-day moving average price of $4,043.91 and a two-hundred day moving average price of $3,842.18. The stock has a market cap of $145.74 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,395.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the company posted $37.62 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Booking Holdings Inc. will post 177.17 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is currently 24.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BKNG shares. Mizuho lifted their target price on Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective 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. DA Davidson reduced their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Morgan Stanley raised their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, B. Riley cut their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $4,256.89.

Booking 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.