First National Trust Co Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

First National Trust Co cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,175 shares of the business services provider’s stock after selling 30 shares during the quarter. First National Trust Co’s holdings in Booking were worth $9,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jamison Private Wealth Management Inc. bought a new stake in Booking in the 3rd quarter worth about $25,000. Grove Bank & Trust grew its stake in shares of 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 acquiring an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC bought a new position in Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the third quarter worth approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,065.40 on Tuesday. The firm has a fifty day moving average price of $4,240.54 and a 200 day moving average price of $3,937.66. Booking Holdings Inc. has a fifty-two week low of $3,076.54 and a fifty-two week high of $5,069.44. The firm has a market cap of $167.65 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.69%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’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 transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKNG. Jefferies Financial Group increased their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. UBS Group raised their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

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.