Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 27.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,081 shares of the business services provider’s stock after selling 1,182 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Booking were worth $12,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CreativeOne Wealth LLC bought a new stake in shares of Booking in the 1st quarter worth approximately $537,000. BDF Gestion bought a new stake in Booking in the second quarter valued at $6,897,000. Gamco Investors INC. ET AL acquired a new position in shares of Booking during the first quarter valued at $519,000. CWM LLC increased its holdings in shares of Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after acquiring an additional 277 shares during the period. Finally, Claro Advisors LLC lifted its position in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 1.6 %

Shares of BKNG stock opened at $4,749.11 on Friday. The business’s 50 day moving average is $4,136.96 and its two-hundred day moving average is $3,880.99. Booking Holdings Inc. has a 12 month low of $2,756.39 and a 12 month high of $4,856.60. The company has a market cap of $159.19 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. The company had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. As a group, equities analysts expect that Booking Holdings Inc. will post 177.37 EPS for the current fiscal year.

Booking Dividend Announcement

The firm 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company increased their price target on 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. Morgan Stanley raised their price target on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer upped their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, B. Riley raised their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4,680.18.

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.