Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55 shares of the business services provider’s stock after selling 4 shares during the period. Baker Avenue Asset Management LP’s holdings in Booking were worth $233,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the business’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 transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Booking Trading Up 2.5 %

Shares of BKNG stock opened at $5,065.40 on Tuesday. The company has a market cap of $167.66 billion, a PE ratio of 34.37, a P/E/G ratio of 1.54 and a beta of 1.38. The company’s fifty day simple moving average is $4,240.54 and its 200-day simple moving average is $3,937.66. Booking Holdings Inc. has a 52 week low of $3,076.54 and a 52 week high of $5,069.44.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.69%. 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

Several brokerages recently issued reports on BKNG. Bank of America lifted their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays lifted their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

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.