Moors & Cabot Inc. Sells 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Moors & Cabot Inc. decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 260 shares of the business services provider’s stock after selling 3 shares during the period. Moors & Cabot Inc.’s holdings in Booking were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust grew its position in shares of Booking by 133.3% in the 2nd 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 during the period. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC acquired a new stake in Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new position in Booking in the third quarter valued at approximately $29,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Stock Up 3.6 %

NASDAQ:BKNG opened at $5,199.31 on Friday. The firm has a market capitalization of $172.10 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,211.66. The stock’s 50-day simple moving average is $4,457.76 and its 200 day simple moving average is $4,027.25.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Piper Sandler boosted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Tigress Financial upped their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday. Mizuho raised their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Citigroup upped their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

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.