Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the third quarter, HoldingsChannel reports. The fund owned 8,428 shares of the business services provider’s stock after selling 15 shares during the quarter. Booking accounts for about 3.1% of Washington Trust Advisors Inc.’s portfolio, making the stock its 8th largest position. Washington Trust Advisors Inc.’s holdings in Booking were worth $35,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust raised its stake in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking during the 2nd quarter worth $28,000. Kings Path Partners LLC acquired a new stake in Booking during the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the third quarter valued at $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BKNG shares. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday. B. Riley upped their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Eleven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Buying and Selling at Booking

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

Booking Trading Up 0.5 %

NASDAQ BKNG opened at $4,943.27 on Friday. Booking Holdings Inc. has a 1 year low of $2,998.52 and a 1 year high of $5,060.50. The firm has a market capitalization of $163.62 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The firm’s fifty day moving average price is $4,240.54 and its two-hundred day moving average price is $3,931.94.

Booking Announces Dividend

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 yield of 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 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.