Waldron Private Wealth LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Waldron Private Wealth LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 401 shares of the business services provider’s stock after selling 25 shares during the period. Waldron Private Wealth LLC’s holdings in Booking were worth $1,689,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BKNG. Leo Wealth LLC lifted its holdings in shares of Booking by 57.8% in the 3rd quarter. Leo Wealth LLC now owns 423 shares of the business services provider’s stock valued at $1,782,000 after acquiring an additional 155 shares during the last quarter. Eastern Bank grew its holdings in Booking by 82.4% in the third quarter. Eastern Bank now owns 124 shares of the business services provider’s stock worth $522,000 after purchasing an additional 56 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Booking by 1.1% during the third quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider’s stock worth $3,169,000 after buying an additional 8 shares during the period. Dock Street Asset Management Inc. lifted its position in Booking by 1.3% during the third quarter. Dock Street Asset Management Inc. now owns 5,700 shares of the business services provider’s stock valued at $24,009,000 after purchasing an additional 71 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in shares of Booking by 7.9% in the third quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider’s stock worth $1,837,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday. B. Riley reduced their target price 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. Barclays increased their target price on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Bank of America reduced their target price on shares of 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 on the stock in a report on Friday, August 2nd. Ten equities research 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,133.75.

Booking Price Performance

BKNG stock traded up $19.69 during mid-day trading on Tuesday, reaching $4,383.41. 64,664 shares of the company traded hands, compared to its average volume of 245,768. The company has a market capitalization of $148.72 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,394.95. The company has a fifty day moving average price of $3,998.82 and a 200-day moving average price of $3,829.91.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The company 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $37.62 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

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

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.