First National Trust Co Sells 30 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

First National Trust Co decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,175 shares of the business services provider’s stock after selling 30 shares during the period. First National Trust Co’s holdings in Booking were worth $9,161,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its stake in Booking by 0.3% during the 1st quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 3 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in Booking by 0.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares during the period. CVA Family Office LLC boosted its holdings in Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3 shares during the last quarter. First Horizon Advisors Inc. grew its position in Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the period. Finally, American National Bank raised its stake in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent research reports. JMP Securities upped their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Barclays upped their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Bank of America raised their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Insider Activity at Booking

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

Booking Trading Up 2.5 %

BKNG opened at $5,065.40 on Tuesday. The firm has a market cap of $167.65 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.54 and a beta of 1.38. The stock’s 50-day moving average price is $4,240.54 and its 200 day moving average price is $3,937.66. Booking Holdings Inc. has a 12-month low of $3,076.54 and a 12-month high of $5,069.44.

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 0.69%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

About Booking

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.