Aviso Wealth Management Sells 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Aviso Wealth Management lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.7% during the 3rd quarter, Holdings Channel reports. The fund owned 93 shares of the business services provider’s stock after selling 10 shares during the period. Aviso Wealth Management’s holdings in Booking were worth $392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC grew its position in shares of Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares in the last quarter. CVA Family Office LLC grew its position in shares of Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares in the last quarter. American National Bank grew its position in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after buying an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management grew its position in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after buying an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,069.44. The business’s 50 day moving average price is $4,360.27 and its two-hundred day moving average price is $3,991.30. The company has a market capitalization of $164.68 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

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 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 0.70%. Booking’s dividend payout ratio (DPR) is 23.75%.

Analyst Ratings Changes

Several research firms recently commented on BKNG. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays boosted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insiders Place Their Bets

In related 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 value of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

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.