Pathstone Holdings LLC Sells 158 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Pathstone Holdings LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,321 shares of the business services provider’s stock after selling 158 shares during the quarter. Pathstone Holdings LLC’s holdings in Booking were worth $18,200,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related 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 $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BKNG shares. Tigress Financial upped their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday. Oppenheimer raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Barclays boosted their target price 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. The Goldman Sachs Group raised their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Evercore ISI decreased their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Ten 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 stock. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,785.00.

Booking Price Performance

Booking stock opened at $4,976.99 on Wednesday. The stock has a market cap of $164.74 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The firm has a 50-day moving average of $4,407.41 and a two-hundred day moving average of $4,012.03. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44.

Booking Dividend Announcement

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