Marcum Wealth LLC Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Marcum Wealth LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86 shares of the business services provider’s stock after selling 6 shares during the quarter. Marcum Wealth LLC’s holdings in Booking were worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in Booking in the first quarter valued at about $401,371,000. New Mexico Educational Retirement Board grew its position in Booking by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after acquiring an additional 400 shares during the last quarter. CWM LLC increased its holdings in Booking by 14.2% during the 1st quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock valued at $8,540,000 after purchasing an additional 292 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Booking in the 1st quarter valued at $537,000. Finally, BDF Gestion acquired a new position in Booking in the second quarter worth $6,897,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 0.1 %

Shares of NASDAQ:BKNG opened at $4,288.22 on Friday. The company’s fifty day simple moving average is $3,854.31 and its 200 day simple moving average is $3,788.48. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,308.00. The firm has a market cap of $143.74 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.31 and a beta of 1.40.

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

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is currently 24.50%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday. Truist Financial assumed coverage on shares of Booking in a research note on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Barclays increased their price objective on Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,092.68.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’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 completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Booking 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 completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

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.