Booking Holdings Inc. (NASDAQ:BKNG) Stake Lessened by Field & Main Bank

Field & Main Bank lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 58.7% in the third quarter, Holdings Channel reports. The institutional investor owned 69 shares of the business services provider’s stock after selling 98 shares during the quarter. Field & Main Bank’s holdings in Booking were worth $291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Duality Advisers LP acquired a new position in Booking in the first quarter worth $359,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Booking in the first quarter worth $243,000. Oppenheimer & Co. Inc. boosted its holdings in Booking by 39.4% in the first quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after purchasing an additional 85 shares during the period. Montag A & Associates Inc. boosted its holdings in Booking by 30.2% in the first quarter. Montag A & Associates Inc. now owns 768 shares of the business services provider’s stock worth $2,786,000 after purchasing an additional 178 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in Booking by 16.2% in the first quarter. NorthRock Partners LLC now owns 359 shares of the business services provider’s stock worth $1,302,000 after purchasing an additional 50 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company boosted their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Bank of America boosted their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Booking Stock Up 0.5 %

Shares of BKNG stock opened at $4,943.27 on Friday. Booking Holdings Inc. has a 12 month low of $2,998.52 and a 12 month high of $5,060.50. The firm has a market cap of $163.62 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The stock has a 50 day moving average of $4,240.54 and a 200-day moving average of $3,931.94.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.