Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Umpqua Bank

Umpqua Bank cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 23.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100 shares of the business services provider’s stock after selling 30 shares during the period. Umpqua Bank’s holdings in Booking were worth $421,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new stake in shares of Booking during the first quarter valued at $713,000. Signaturefd LLC boosted its holdings in Booking by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the business services provider’s stock valued at $980,000 after purchasing an additional 52 shares during the last quarter. Csenge Advisory Group boosted its holdings in Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 3 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Booking by 9.0% in the first quarter. Geneos Wealth Management Inc. now owns 895 shares of the business services provider’s stock valued at $3,247,000 after purchasing an additional 74 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in Booking by 242.0% in the first quarter. Flossbach Von Storch AG now owns 28,557 shares of the business services provider’s stock valued at $103,601,000 after purchasing an additional 20,208 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $104.88 during midday trading on Wednesday, reaching $5,019.86. 12,159 shares of the stock were exchanged, compared to its average volume of 246,754. The company has a 50 day simple moving average of $4,177.20 and a 200 day simple moving average of $3,907.03. The stock has a market capitalization of $166.16 billion, a P/E ratio of 33.35, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $2,963.75 and a twelve month high of $5,055.25.

Booking Announces Dividend

The company 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 of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Evercore ISI lowered their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. DA Davidson increased their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,729.14.

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.