Fifth Third Wealth Advisors LLC Has $1.28 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Fifth Third Wealth Advisors LLC lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304 shares of the business services provider’s stock after selling 17 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Booking were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Evermay Wealth Management LLC raised its position in shares of Booking by 64.9% in the first quarter. Evermay Wealth Management LLC now owns 61 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 24 shares during the period. CreativeOne Wealth LLC bought a new stake in Booking in the 1st quarter valued at $537,000. EP Wealth Advisors LLC boosted its position in shares of Booking by 2.2% in the first quarter. EP Wealth Advisors LLC now owns 793 shares of the business services provider’s stock valued at $2,877,000 after acquiring an additional 17 shares during the period. Advisors Asset Management Inc. boosted its holdings in Booking by 23.8% in the 1st quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock valued at $1,886,000 after purchasing an additional 100 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in shares of Booking by 0.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKNG. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Tigress Financial upped their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently 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 the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Booking Stock Down 0.8 %

Booking stock opened at $4,976.99 on Wednesday. The company has a market capitalization of $164.74 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.55 and a beta of 1.38. The firm has a 50 day moving average price of $4,407.41 and a 200-day moving average price of $4,012.03. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44.

Booking Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 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.