Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Trust Asset Management LLC

Trust Asset Management LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 412 shares of the business services provider’s stock after selling 9 shares during the quarter. Trust Asset Management LLC’s holdings in Booking were worth $1,735,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Booking by 23.8% during the 1st quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock valued at $1,886,000 after acquiring an additional 100 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Booking in the first quarter worth about $519,000. SVB Wealth LLC grew its position in Booking by 3.7% in the 1st quarter. SVB Wealth LLC now owns 613 shares of the business services provider’s stock valued at $2,225,000 after buying an additional 22 shares in the last quarter. Ascent Group LLC increased its stake in Booking by 4.2% during the 1st quarter. Ascent Group LLC now owns 125 shares of the business services provider’s stock valued at $453,000 after buying an additional 5 shares during the period. Finally, Dynasty Wealth Management LLC bought a new stake in shares of Booking during the 1st quarter worth about $737,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BKNG shares. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI cut their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Up 0.8 %

Shares of NASDAQ:BKNG traded up $39.79 during trading on Monday, reaching $5,216.94. 26,440 shares of the company traded hands, compared to its average volume of 246,472. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00. The firm has a market cap of $172.68 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38. The firm has a fifty day simple moving average of $4,482.65 and a 200 day simple moving average of $4,043.93.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking 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 value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was 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. Corporate insiders own 0.12% of the company’s stock.

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.