PNC Financial Services Group Inc. Has $35.21 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

PNC Financial Services Group Inc. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the third quarter, Holdings Channel.com reports. The firm owned 8,360 shares of the business services provider’s stock after selling 40 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Booking were worth $35,213,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BKNG. Nations Financial Group Inc. IA ADV increased its stake in shares of Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the period. CreativeOne Wealth LLC bought a new stake in Booking during the 1st quarter worth approximately $537,000. BDF Gestion acquired a new position in Booking in the 2nd quarter valued at approximately $6,897,000. Gamco Investors INC. ET AL acquired a new position in Booking in the 1st quarter valued at approximately $519,000. Finally, Cumberland Partners Ltd raised its stake in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BKNG shares. Wedbush increased their price objective on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada increased their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Evercore ISI decreased their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, B. Riley boosted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Insiders Place Their Bets

In other 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 value of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Booking Trading Up 0.8 %

NASDAQ BKNG opened at $5,016.43 on Thursday. The firm has a market capitalization of $166.03 billion, a P/E ratio of 34.04, a PEG ratio of 1.55 and a beta of 1.38. The business has a fifty day simple moving average of $4,431.19 and a 200 day simple moving average of $4,019.06. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 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.