Booking Holdings Inc. (NASDAQ:BKNG) Stake Trimmed by Naviter Wealth LLC

Naviter Wealth LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 386 shares of the business services provider’s stock after selling 5 shares during the period. Naviter Wealth LLC’s holdings in Booking were worth $1,626,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth $25,000. Grove Bank & Trust boosted its holdings in shares of 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 purchased a new position in Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in Booking in the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the 3rd quarter worth approximately $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 0.8 %

Shares of BKNG opened at $4,370.77 on Friday. The stock’s 50-day moving average price is $3,962.18 and its 200 day moving average price is $3,815.43. The firm has a market capitalization of $148.29 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,394.95.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $37.62 earnings per share. Equities research analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.80%. Booking’s dividend payout ratio is 26.25%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. B. Riley lowered 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. Wells Fargo & Company upped their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price target on shares of Booking in a report on Monday, August 5th. Bank of America dropped their price objective on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI reduced their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,130.18.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

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.