Apollon Wealth Management LLC Sells 71 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Apollon Wealth Management LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the business services provider’s stock after selling 71 shares during the quarter. Apollon Wealth Management LLC’s holdings in Booking were worth $3,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its position in Booking by 39.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after acquiring an additional 85 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Booking by 10.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 255 shares of the business services provider’s stock valued at $926,000 after buying an additional 24 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Booking during the 1st quarter worth approximately $323,000. D Orazio & Associates Inc. grew its holdings in Booking by 7.1% during the 1st quarter. D Orazio & Associates Inc. now owns 90 shares of the business services provider’s stock worth $327,000 after acquiring an additional 6 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in Booking by 12.4% in the 1st quarter. HBK Sorce Advisory LLC now owns 136 shares of the business services provider’s stock valued at $493,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKNG. Wedbush boosted their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho increased their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Trading Down 0.8 %

Shares of Booking stock opened at $5,022.92 on Wednesday. The company has a market capitalization of $166.26 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The stock has a fifty day simple moving average of $4,263.66 and a 200 day simple moving average of $3,948.67. 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 company also recently announced 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. Booking’s payout ratio is 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.