Graypoint LLC Sells 7 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Graypoint LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218 shares of the business services provider’s stock after selling 7 shares during the period. Graypoint LLC’s holdings in Booking were worth $918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CreativeOne Wealth LLC purchased a new stake in Booking in the first quarter worth approximately $537,000. BDF Gestion bought a new stake in shares of Booking in the second quarter worth $6,897,000. Gamco Investors INC. ET AL bought a new stake in shares of Booking in the first quarter worth $519,000. CWM LLC lifted its holdings in Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after acquiring an additional 277 shares during the period. Finally, Claro Advisors LLC lifted its holdings in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,920.87 on Friday. Booking Holdings Inc. has a 1-year low of $2,998.52 and a 1-year high of $5,060.50. The business’s 50 day moving average is $4,199.26 and its two-hundred day moving average is $3,914.68. The stock has a market capitalization of $162.88 billion, a P/E ratio of 33.39, a PEG ratio of 1.49 and a beta of 1.38.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s payout ratio is presently 23.75%.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BKNG shares. Jefferies Financial Group increased their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

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.