Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 26.2% during the 3rd quarter, Holdings Channel reports. The fund owned 799 shares of the business services provider’s stock after selling 283 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Booking were worth $3,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter worth about $25,000. Grove Bank & Trust grew its holdings 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 purchased a new stake in shares of Booking in the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking during the 3rd quarter worth $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

Booking stock opened at $4,976.99 on Wednesday. The business has a fifty day moving average of $4,407.41 and a two-hundred day moving average of $4,012.03. The company has a market cap of $164.74 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44.

Booking Dividend Announcement

The business 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. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America raised their price target on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. BMO Capital Markets raised their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,785.00.

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.