Logan Capital Management Inc. Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Logan Capital Management Inc. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,272 shares of the business services provider’s stock after selling 7 shares during the quarter. Logan Capital Management Inc.’s holdings in Booking were worth $9,570,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Oddo BHF Asset Management Sas purchased a new position in Booking during the 3rd quarter valued at $18,508,000. Inspire Trust Co. N.A. lifted its stake in shares of Booking by 404.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock valued at $1,933,000 after purchasing an additional 368 shares during the period. Optimist Retirement Group LLC boosted its position in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Booking by 27.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider’s stock worth $6,529,000 after purchasing an additional 335 shares during the period. Finally, World Investment Advisors LLC raised its holdings in Booking by 3,561.9% in the third quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider’s stock worth $12,955,000 after purchasing an additional 2,992 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 0.2 %

BKNG stock traded down $12.02 during midday trading on Friday, reaching $5,256.91. 38,189 shares of the company’s stock traded hands, compared to its average volume of 244,741. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market cap of $174.00 billion, a P/E ratio of 35.75, a PEG ratio of 2.14 and a beta of 1.41. The stock’s 50-day moving average is $4,792.61 and its 200 day moving average is $4,181.06.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 0.67%. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Barclays upped their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Wedbush lifted their price objective on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,866.03.

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.