WP Advisors LLC Sells 32 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

WP Advisors LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640 shares of the business services provider’s stock after selling 32 shares during the quarter. Booking accounts for about 1.0% of WP Advisors LLC’s investment portfolio, making the stock its 23rd largest position. WP Advisors LLC’s holdings in Booking were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking in the 2nd quarter valued at $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Booking in the 3rd quarter valued at $29,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the company’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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by company insiders.

Booking Trading Up 0.1 %

Booking stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The stock’s 50 day moving average is $4,360.27 and its 200-day moving average is $3,991.30. The company has a market capitalization of $164.68 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

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 given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Evercore ISI decreased their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Booking 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.