9,729 Booking Holdings Inc. $BKNG Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,234 shares of the business services provider’s stock after selling 9,729 shares during the quarter. Keybank National Association OH’s holdings in Booking were worth $39,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Booking during the 2nd quarter valued at $11,646,302,000. State Street Corp grew its stake in shares of Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after acquiring an additional 37,999,915 shares during the period. Deutsche Bank AG purchased a new stake in Booking in the 2nd quarter worth about $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in Booking in the 2nd quarter worth about $1,370,455,000. Finally, Ninety One UK Ltd increased its holdings in Booking by 1.0% in the 3rd quarter. Ninety One UK Ltd now owns 6,489,929 shares of the business services provider’s stock worth $1,057,274,000 after acquiring an additional 64,584 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Booking news, VP Peter J. Millones sold 50,050 shares of Booking stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares of the company’s stock, valued at $77,851,439.75. The trade was a 11.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $211.00, for a total value of $79,125.00. Following the sale, the director owned 16,133 shares in the company, valued at approximately $3,404,063. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,425 shares of company stock worth $11,783,564 in the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKNG. Evercore restated an “outperform” rating and issued a $270.00 price objective on shares of Booking in a research note on Monday, August 24th. Deutsche Bank reiterated a “buy” rating and set a $230.00 target price on shares of Booking in a research report on Wednesday, August 5th. Citigroup reiterated an “outperform” rating on shares of Booking in a research report on Wednesday, November 4th. Cantor Fitzgerald reduced their target price on shares of Booking from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Finally, Argus boosted their price target on shares of Booking from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.35.

Booking Price Performance

Booking stock opened at $160.21 on Thursday. Booking Holdings Inc. has a one year low of $146.28 and a one year high of $220.81. The business has a fifty day moving average price of $164.14 and a 200-day moving average price of $175.46. The firm has a market capitalization of $119.15 billion, a P/E ratio of 17.28, a PEG ratio of 1.02 and a beta of 1.17.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.17. Booking had a negative return on equity of 89.54% and a net margin of 25.52%. The company had revenue of $9.79 billion during the quarter, compared to analysts’ expectations of $9.55 billion. During the same period in the previous year, the business earned $99.50 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 10.26 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. Booking’s dividend payout ratio is 18.12%.

About Booking

Booking Holdings Inc. is an online travel company that connects travelers with accommodations and other travel services. Through its digital platforms, customers can search for and book hotels, vacation rentals, flights, rental cars, attractions and other travel experiences. The company operates a portfolio of consumer brands, including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. Its services span accommodation reservations, travel search and comparison, car rentals, and restaurant reservations.