Platform Technology Partners Sells 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Platform Technology Partners lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129 shares of the business services provider’s stock after selling 8 shares during the period. Platform Technology Partners’ holdings in Booking were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth about $25,000. Grove Bank & Trust boosted its stake in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new stake in Booking during the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Wells Fargo & Company increased their price target on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Mizuho lifted their price objective on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,065.40 on Tuesday. Booking Holdings Inc. has a 52-week low of $3,076.54 and a 52-week high of $5,069.44. The firm has a market capitalization of $167.65 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.54 and a beta of 1.38. The stock has a 50 day moving average price of $4,263.66 and a 200 day moving average price of $3,948.67.

Booking Dividend Announcement

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

Booking Company 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.