Canopy Partners LLC Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Canopy Partners LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191 shares of the business services provider’s stock after selling 2 shares during the quarter. Canopy Partners LLC’s holdings in Booking were worth $805,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust lifted its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new position in Booking during the second quarter worth $28,000. Kings Path Partners LLC bought a new position in Booking during the second quarter valued at $28,000. Finally, West Financial Advisors LLC bought a new position in Booking during the third quarter valued at $29,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

Booking Stock Performance

Booking stock opened at $5,177.15 on Friday. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,216.00. The stock has a market cap of $171.36 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The stock has a 50-day moving average of $4,482.65 and a two-hundred day moving average of $4,038.22.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.