Quintet Private Bank Europe S.A. Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237 shares of the business services provider’s stock after selling 13 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Booking were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the 3rd quarter valued at $25,000. Grove Bank & Trust raised its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking during the second quarter worth about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking during the 3rd quarter valued at about $29,000. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Booking Trading Up 1.5 %

NASDAQ:BKNG traded up $70.89 on Monday, reaching $4,820.00. 49,062 shares of the stock traded hands, compared to its average volume of 246,467. The company has a market capitalization of $159.54 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $2,888.45 and a 12 month high of $4,856.60. The company’s fifty day simple moving average is $4,136.96 and its 200 day simple moving average is $3,886.98.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $37.62 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 177.79 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BKNG. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. The Goldman Sachs Group upped their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Truist Financial initiated coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target for the company. Finally, Piper Sandler raised their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,680.18.

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.