Huntington National Bank Cuts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Huntington National Bank trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,770 shares of the business services provider’s stock after selling 1,275 shares during the quarter. Huntington National Bank’s holdings in Booking were worth $36,940,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust boosted its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BKNG. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Susquehanna lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Stock Down 0.7 %

BKNG stock opened at $4,987.44 on Thursday. The stock has a market capitalization of $165.08 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The firm has a 50-day simple moving average of $4,287.85 and a 200-day simple moving average of $3,959.25. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio 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.