Quintet Private Bank Europe S.A. Sells 13 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Quintet Private Bank Europe S.A. decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 237 shares of the business services provider’s stock after selling 13 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Booking were worth $999,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Booking by 2.3% in the 3rd quarter. QRG Capital Management Inc. now owns 744 shares of the business services provider’s stock worth $3,134,000 after purchasing an additional 17 shares in the last quarter. National Pension Service boosted its stake in Booking by 13.6% during the third quarter. National Pension Service now owns 82,130 shares of the business services provider’s stock valued at $345,941,000 after buying an additional 9,803 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new position in Booking during the 3rd quarter valued at approximately $253,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Booking by 0.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 90,510 shares of the business services provider’s stock valued at $381,239,000 after purchasing an additional 653 shares in the last quarter. Finally, BSW Wealth Partners increased its position in Booking by 6.1% in the third quarter. BSW Wealth Partners now owns 192 shares of the business services provider’s stock worth $809,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now 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 the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of BKNG traded up $70.89 during midday trading on Monday, hitting $4,820.00. 49,062 shares of the stock were exchanged, compared to its average volume of 246,467. Booking Holdings Inc. has a 52-week low of $2,888.45 and a 52-week high of $4,856.60. The stock has a fifty day simple moving average of $4,136.96 and a 200 day simple moving average of $3,886.98. The firm has a market cap of $159.54 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $37.62 EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 177.79 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Barclays raised their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday. Wedbush upped their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group lifted their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.