MGB Wealth Management LLC Lowers Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

MGB Wealth Management LLC lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 18.8% during the third quarter, HoldingsChannel.com reports. The firm owned 52 shares of the business services provider’s stock after selling 12 shares during the period. MGB Wealth Management LLC’s holdings in Booking were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Mizuho lifted their price objective on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Evercore ISI reduced their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Morgan Stanley lifted their price objective on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $4,785.00.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking 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 completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Booking Trading Down 0.6 %

Shares of NASDAQ BKNG opened at $5,177.15 on Friday. The stock has a market capitalization of $171.36 billion, a PE ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38. The stock has a fifty day simple moving average of $4,482.65 and a 200-day simple moving average of $4,041.24. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,216.00.

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 0.68%. Booking’s dividend payout ratio (DPR) is presently 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.