Trust Asset Management LLC Lowers Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Trust Asset Management LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 412 shares of the business services provider’s stock after selling 9 shares during the quarter. Trust Asset Management LLC’s holdings in Booking were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

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

Booking Stock Performance

Shares of BKNG stock traded up $39.79 during trading hours on Monday, hitting $5,216.94. 26,440 shares of the company were exchanged, compared to its average volume of 246,472. The stock has a market capitalization of $172.68 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,237.00. The business’s 50-day simple moving average is $4,482.65 and its two-hundred day simple moving average is $4,043.93.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s payout ratio is 23.75%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of 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 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKNG. The Goldman Sachs Group lifted their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group lifted their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Wells Fargo & Company boosted 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

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.