Simmons Bank Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Simmons Bank decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 780 shares of the business services provider’s stock after selling 63 shares during the quarter. Simmons Bank’s holdings in Booking were worth $3,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the third quarter worth $25,000. Grove Bank & Trust increased its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in Booking in the second quarter worth $28,000. Kings Path Partners LLC purchased a new stake in Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the third quarter worth $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Down 0.8 %

Shares of BKNG stock opened at $5,022.92 on Wednesday. The stock has a 50 day moving average of $4,287.85 and a 200 day moving average of $3,959.25. The stock has a market cap of $166.26 billion, a P/E ratio of 34.08, a P/E/G ratio of 1.58 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,076.54 and a twelve month high of $5,069.44.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BKNG shares. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price target on 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. Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley increased their price target 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. Finally, Barclays increased their price target 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,749.83.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

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.